Question for Property Mangers

[Brian H.]

Hey everyone,

I am wondering if there are many people on here that not only own buy and holds or do fix and flips but also have a property management company as another business??  If so, how does that work out for you?  I just see that as another great way to increase monthly cash flow. I will have a few properties, not many... but figure if I am managing properties for other people as well, I can increase my cash flow.  Any recommendations? Any advice on price structuring for that sort of business? I guess 10% seems pretty commonplace for the flat fee for starters.  I just know of maybe three people already in my area that would be interested but could really use some guidance.  I have educated myself heavily in the buy and hold/fix and flip areas... but just now had the property management light bulb go off... any other websites with good info on this? Books? 

Thank you so much!!!

P.S. Sorry for the misspelling in the title. Embarassing. haha

[Daniel R.]

I am actually really interested in this as well.  I had always thought it would make sense to be open to the idea of managing other people's properties along side my own to increase my monthly cash flow. Hopefully some of these really experienced folks in here can chime in and lend us some knowledge!!