All Forum Posts by: Eric Doud

@Jeremy Khaw  Just sent you a message. Welcome to Norfolk.  I have been here in Hampton Roads over 25 years now. I am retired Navy. A Realtor, Investor and a contractor all rolled into one.

@Mike Sedlacek

Mike,  What company are you getting your flood insurance quote from, I have 2 buildings right around the corner from that location and I am paying a lot more than your present price. 

@George Lewis

Welcome to the site, Let me know how I can help you out. I am a realtor in the local area that deals primarily with investors both single family and multifamily. My wife is the Broker of Doud Realty services doing primarily property management and I deal with the buyers/sellers side. We are also investors ourselves with over 25 units spread out in Norfolk, Virginia Beach, Portsmouth and Chesapeake.  Let me know how I can help you out.

@Corey Chonsky

Welcome to the site, a lot of good information here. Thank you for your service, I retired from the Navy about a year and a half ago. I am a Investor, realtor and contractor in the local area. I would love to sit down with you an discuss our local market with you. 

@Christopher Murphy welcome to the site, ton of information here. always good to see more local people on BP.

@Dawn Brenengen 

The accounting fee is $25 a month and adjusts with the more properties managed for the same owner, same as the percentage. 

Its sad to see an owner of a property paying advertising fees to a property manager when all the PM did was place it on the MLS and let it sit there. We have taken over several properties that have sat empty for several months, the owner has been paying advertising fees for basically nothing.

@James Wise 

We manage over 200 properties right now and growing every month. We charge 10% of the rent and a small accounting fee every month. There are no leasing fee's no re-leasing fee's no maintenance mark ups, No advertising fee. The main reason we started our property management company is we couldn't find a company that wasn't going to fee us to death. It doesn't cost anything to post to the MLS, also MLS is the slowest way to get a property rented (at least in the Hampton roads area) If your website is structured properly you list to your website and it will syndicate out to all the rental sites out there. Also list to craigslist and the other free sites.

One month Leasing fee is way to much, with that the only one that makes any money is the property manager.  Also ask about there other fee's. I have heard about Re-leasing fee's. Mark ups on maintenance. Paying for advertisement. The list goes on and on, in the end the property manager is the only on making money and taking no risk.

@Aaron Britt thank you for you service, I just retired earlier this year.  There is a ton of information on this site and with all the people.  If you have any questions feel free to reach out and ask. 

@Jesse Newell Welcome to the site, always happy to see more people from the Hampton roads area. I am retired military. My wife and I are investors and also in the real estate business. My wife is a real estate broker and runs a property management business, currently just over 200 units. I am a realtor working with investors and first time buyers teaching investing, and also a licensed contractor doing repairs and rehabs.  Fell free to reach out if you need any help or information about the area.