29 August 2021 | 6 replies
Not having a fair split, will cause either poor management by the sponsors and/or dissatisfied investors or limited partners.
27 August 2021 | 19 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each don’t cover.
14 January 2022 | 7 replies
Each additional occupant increases the rent $75 a month.You may also want to check and see if they have anything causing excess water use, like a toilet that constantly flushes or runs.
16 January 2022 | 1 reply
I've filed evictions for just cause everything from having pit bulls to drug raids with no avail beware of the Stockton City Court system I'm looking for other property owners to do a class action suit for they took money with no intent invicted anybody
11 January 2022 | 3 replies
I understand that covid caused the Fannie and Freddie minimum down payment on multi family to increase, was hoping someone had a contact for someone who may be able to help with a deal like this?
28 July 2021 | 41 replies
But the criminal record is concerning because it might show-up and cause major issues for me in my future.
10 August 2021 | 4 replies
All the advantages you claim to have are actually going to cause you to crash.The very worst thing that can happen to many people is they win the lotto because when they get a lump of money in their hand like they never had before they don't know whether to 'poop or go blind' as my parents would always say.Example.
7 February 2022 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
7 February 2022 | 13 replies
Trying to do it in a way that doesn’t harm seller.
27 January 2022 | 0 replies
The City of Santa Monica Attorney's Office is bullying my family (as well as other mom-and-pop property owners) into accepting a Section 8 voucher from a terribly problematic current tenant who:1) Has harassed other tenants to the point that they feel physically endangered and decided to move out of the property2) Shouted racial slurs at people working on the property and threatened to call immigration enforcement on them3) Has vandalized the property as well as that of neighbors, including ripping the windshield wipers from an elderly, handicapped neighbor's car4) Is currently harassing potential buyers of the property, preventing us from being able to sell it / causing monetary damagesBackground:My family has owned and operated a modest multi-family property in Santa Monica for 45+ years.