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All Forum Posts by: Matthew Rolf

Matthew Rolf has started 14 posts and replied 330 times.

Post: Cost of PM

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170
Quote from @Jarrod Covey:
Quote from @Matthew Rolf:

I'm sure its on here but I looked for 10 mins and couldn't find it. What is the going rate in terms of % of rent you should expect to pay a quality PM to manage a STR?


 Are they handling every duty -- maid coordination, guest communication, house inspection, inventory management, guest review follow up, calendar management, optimized pricing strategy, SEO ranking tweaks, etc -- or only a few of them?


 Yes everything

Post: Cost of PM

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170

I'm sure its on here but I looked for 10 mins and couldn't find it. What is the going rate in terms of % of rent you should expect to pay a quality PM to manage a STR?

Post: Buying a personal residence and then renting it out (and buying another personal)

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170

@Brooks Ryan I think its a great way to get started.  I think that has to be the most common way people in general get started in RE investing (BP community might be skewed towards house hacking to get started).

For transferring to an LLC, you should be fine...you would just want to keep the lender in the loop. The main concern people have with that is the due on sale clause.

Post: High income earner taxes

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170

Oh man, BP needs emojis for the comment section on this one

Post: Trying to sell my primary to house hack

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170

@Courtney Mccrear Are you saying you need to do 20k of rehab on your current property before selling it for 360k?  Is that the reason you nee creative financing?

Otherwise, it seems you would be best just selling your home, asking for a short leaseback, then using the proceeds of the sale on the next house (probably can find a loan for as little as 3-5% down).  You would never be carrying both mortgages at the same time.  Hopefully I read your message right.

Post: Mailing out letters

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170

@Maria Andino I use deal machine, I like it but I just started using it.

Post: Let's squad up

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170

Hi @John Schmitt, welcome to Houston!  I'm not a wholesaler, but I'd love to connect to be an end buyer for you.  I am actively flipping homes now.

Hi @Vicki X., I think your best best for local handyman like jobs would be Thumbtack.  If you had bigger projects, I can connect you with a few contractors I like.

Post: Investors in Houston

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170

Hi Deonte, welcome!  I'm not a wholesaler, but I'd love to connect if you are trying to build up your investor email list

Post: Looking for a real estate agent in Houston

Matthew RolfPosted
  • Real Estate Agent
  • Orlando FL
  • Posts 341
  • Votes 170

Hi @Stacey So, I have an off market 4 plex deal someone in my office just advertised.  I'll shoot you the info :)