All Forum Posts by: Natalie Stanley

Thank you! Is there a form (TREC or otherwise) that you use to define your arrangement with the client so that you cannot be held responsible for any part of the contract or prior negotiations even though you are assisting with a portion of the transaction?

Has anyone ever heard of or offered at their brokerage a "closing only" service for a set fee? I have an investor who likes to find their own deals and negotiate the contracts directly with the seller but does not want to keep up with the title company and banks involved to keep the closing timeline. I am wondering if anyone has seen an arrangement for a set fee where maybe a transaction coordinator takes the transaction after the contract is signed to get it across the finish line. Have you seen of a brokerage / PM company that offers this? Thanks!

Hi Everyone! My husband and I have been investing in real estate in the East Texas/Longview area for about 8 years. We would love to meet other people who have investment properties in East Texas. We are wanting to branch out into some of the smaller towns surrounding Longview and would love to meet investors with experience in the smaller more rural areas. 

How many single family rentals do you all keep in one LLC? I have around 100 single family homes in one LLC. I have heard that I should have an LLC for each home but it seems administratively burdensome to have 100 bank accounts and 100 different tax filings, credits cards, checkbooks, etc... Can others please share how they think about liability exposure in an LLC. There are large investment funds with thousands of single family homes, I can't image they have an LLC for each home.

Thank you for sharing! This is very helpful.

In this case, the owner / broker/agent is also a 50% owner of the company and the profits of the company are split 50/50. When we start out we will be focusing on growing the property management side of the company but the broker wants to do sales on the side within the brokerage until we decide to build that portion out. Would a commission split be treated differently in this type of situation?

Hi! I am hoping to see if anyone has advice on opening a brokerage where one owner is the broker and the other owner is an investor. I am a rental property investor and have about 35 properties. I am opening a brokerage with my long-time realtor with the goal of building out a property management side and sales side of the brokerage. We will own the company 50/50. Splitting all start up fees and go forward expenses. All of my rental properties will be going into the business on the property management side which will provide the company immediate income. What my agent and I are trying to figure out is what is a fair split for the sales side of the business as it relates to the broker doing business. What percentage of the 3% that the broker brings in from sales should go straight to the brokerage instead of as a commission to the broker? Are there other ways people have structured this that they could share? For further context, I am not taking on the role of a silent partner in the company. I am an attorney and will be very involved in the startup and go forward of the business and building out of the sales and property management sides.