All Forum Posts by: Sharon R.

thank you @Michael B.

Hi Everyone, 

thanks for reading this. 

I am a buy&hold investor (Atlanta & Vegas) 

need your help with finding a contractor in Atlanta who 

renovate a fairly good condition houses, 

and has experiance with investor (not the same as 

working with home owners who want to live in 

the house) reasonable prices and warranty for

work bein done. 

Any recomedation will help. 

thank you very much! 

Sharon 

@Mark Christensen, Christine is right. I couldn't find anything good either, just the way she said it... 

but here is a great idea for an online business... :) 

wow. 

This is why I try to keep updated with everything. 

if my PM don't like it then I just move on. I ask for inspections, 

I ask for pictures when things are broken and/or fixed and make 

sure the tenant know they can email me whenever. 

Property managers do now own your property, so doesn't 

matter how good they be, they don't have the same interest as yours. 

I don't agree with your lawyer, I believe you do have a case here. 

BUT... 

and this is just me - whenever I have these kind of issues, no matter

which business it comes up with, I go and run the numbers really quick. 

if the numbers are way to high to let it go - then by all means, sue all of them. 

if the numbers show that you will be sweating your butt off for years in court 

so your hours are worth money too... you might want to "pay the fine" 

learn from it and move on. painful. I know.. trust me, I've been there.

but sometimes - you need to suck it up and move on...

Now, one more thing - how many renovation companies gave you 

an offer for the damages? 

I got 21K from one company for renovating a house I end up buying 

but another company (which I hired) finished it all in the 7K area. 

it all depends how many subs your contractor has to go threw while 

giving you his quota. 

 I agree :) 

@Steve Vaughan, 

thank you Steven. 
I was under the same impression myself... thinking "this is so bad..." 
but the more I got into it, I thought I have much to offer, so with that 

kind of thinking I started to write my own PM agreement. 

I was thinking - how do I make both sides "safe enough" to want to do the best 

for each other. I believe this formula is a winner, but you know what - 

life is dynamic, if i see it doesn't work as well, then I can change it - 

yes, I also put exist terms in it, for both sides. it's not a Catholic marriage... (actually

these days you can get out of that too :) 

@Jonathan R McLaughlin, I agree. we all want to make a good living, 

so this is why I gave my PM a 15% offer and nothing less; this is also why I  

moved all my houses in Atlanta to her managing. when you do the number you will see, 

fast enough, that 135$ (an average monthly fee) adds up to a full monthly rent...you can 

say it's like owning a house  without actually buying it. 

so, I believe. I have created something that is a win-win. 

@Jay Hinrichs, like I wrote before, they are all renovated. I also pay for the 

most comprehensive HW program so it does cover 95%

@Jonathan R McLaughlin, i think you read only a part of it. well here is the thing, 
if the tenants stays, in the 15% flat fee, you are making actually more! try the numbers and see

for yourself... the logic is that it becomes your incentive (as a PM) to have him stay, whereas in the existing method,  you make twice as much (one month fee) when you bring 

in a new tenant :) 

hope that clears this point better.