All Forum Posts by: Bob Jones

Thank you for your time

Hey everyone, I am buying my first duplex soon. Once I learn how to sufficiently manage my own property I want to offer it as a service to other investors. I want to talk to investors about fee structures. I want to build it for profitability. But I want to keep my investors first, always and forever, It is my duty obligation and responsibility to manage those property’s effectively especially if I want to scale this business nationally.

I know I have advertising costs and most in my area charge to place a tenant, but how can I build this and systemize it to make it more profitable to keep a tenant rather then place a tenant. My ethics may be sound. But what happens when I hire someone to manage my branch that I have built when I move on to another state. They could very easily abuse that to make it look like they are doing a killing of a job, thus tarnishing my businesses reputation in the process.should I make tenant placement a at cost charge? Then maybe charge tenant renewals to the landlord and the tenant? How can I build this so everyone feels like they are massively winning long term and they cannot shut up about my company?

Is there anything additional you have always wanted to see in a management company?

Besides at 100 dollars a door 83 almost doubles your income

It’s less principle paydown, but you can’t buy more property’s with equity without a banks permision for a heloc

@Justin Fox that’s what I was thinking, getting a crap ton now on 40s interest fixed for 10years let inflation eat up the loan while rents rise that way I can qualify for more property’s with debt to income now and pay them later

So let’s say you are an affiliate for a company and say the company wants you to sell there idk utility or somthing and gives you a 10 percent commission that’s residual for the life of the customer, if you owned like 100 or so units I know it may not add a TON to the bottom line returns but would it be illegal to sell it to them? Or could I treat it like any other business with no obvious risk of getting sued?

That was perfect, like it provides the first step, I think I could confidently figure the rest out now. I screenshotted that haha I wish people started at that point more often I don’t think I’ll need to ask again, dude thanks I really mean it

@Chris Mason appreciate it, apologize about the spelling error I was on my phone and entered it not knowing how to edit the post after.

@Chris Lemire that’s a little general, I mean like what is marketing, the basics. 101 or maybe a good book for that it seems to be literally the only thing people seem to never ever want to mention, eather that or it is so easy and so simple I am just over thinking it. Which is common in my case. Marketing for dummy’s type of thing. After that is known then it’s obvious how to teach yourself. Kind of like how to cook an egg. How would you cook an egg if you didn’t know how to crack the egg,I need to learn how to crack the egg first and there seem to be no resources for cracking the egg but everyone will tell you how they cook it

That seems rather harsh to say that, you don’t know who I am or what I have done in life thus far, so what’s for saying “be serious about wealth accumulation and let’s have a discussion”? I was simply asking a question about other loan types being the curious person I am.

@Account Closed