All Forum Posts by: Joel McGinley

Great input and wisdom from all of you.   Thanks so much! 

Hello all!  I have been managing my own properties (just 2) but am now looking to move out of the country.  So I might need a property manager.   So far I am seeing what I think are very high fees.  Finding renters here is NOT difficult. They keep the first months rent (which is high in my area +3500.00 a month).  They then take 10% of the rent each month.  They find and screen tenants (which is easy here in FL) and they do create the contract which I can do myself.   But I need peace of mind while we are away overseas.  Do these prices seem high or is this industry standard?  

Also if any of you are managing a rental from overseas please comment and let me know your challenges or ideas.  

Thanks 

Thanks Todd, good info and advice.  We are going with a personal loan for the first few deals.  I like the 30-year payoff for now.  

Great advice, thank guys!  

Which is better from a tax and profit advantage.  A commercial loan, term of 20 years, with depreciation or a regular loan with term of 30 years?   Opinions, please?

This one is probably gone correct?