I am thinking of buying a multi-family piece of real estate in Bolton Landing, NY.
Should I be concerned about the sale of the Sagamore Resort? How will that impact the community? How much commission do realtors make to manage rentals?
Answers (4)
How many units is the multifamily and how you financing the deal?
Web Reference: http://www.duplexpropertiesforsale.com
The sale of the Sagamore is positive for the town. They are making major changes to the Hotel and grounds. the fee for managing a property is around 20%.
Web Reference: http://www.lakegeorgeproperties.com
The sale of the Sagamore is a real positive for the town of Bolton Landing. They are doing major renovations and upgrades that will make this an even more sought after location to visit.
FIRST ANSWER
I'm unfamiliar with the specific area - however - figure a 10% fee minimum. (10% of gross rent).
Check the web reference.
Web Reference: http://www.amazon.com/gp/product/0071545174?ie=UTF8&tag...
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