All Forum Posts by: Tim Cole

Also, I hope I tagged you guys properly. I am new to using this, so let me know if I am doing that wrong.

Thanks so much for the quick and thorough response Nathan G., and I appreciate the feedback Steve Vaughan as well! Those are some great points I will be sure to keep in mind. 

I am in the process of finding a new management company, and came across a contract referencing "procuring cause". This would allow the management company to collect fees on any tenant that stays in a property that they found until the end of the lease, even if we terminate the contract and I am no longer working with the management company. This would mean that if I moved on to another company I would be paying two management fees at the same time until the lease they procured runs out. Has anyone ever heard of this in residential leasing? They said this is common in commercial leasing, but I have never heard of it pertaining to residential leasing. I would really appreciate any feedback. 

Thanks for the welcome everyone! 

Ryan, long time no see, it would be good to catch up some time soon! I hope all is well.

Hi, My name is Tim and I am a buy and hold investor in Virginia Beach. I am a long time fan of the Biggerpockets podcast, and look forward to learning a ton of great information from the BP community!