@Kwanza Price tips for managing contractors:1.

Having a great self-storage facility software for online management is key!!

Additionally, in Co-Living the property manager walks the property once per month to deliver toilet paper & cleaning supplies (aka property inspection). 

If you love property management and want to start a business keep looking into it.Otherwise keep buying income producing properties to generate wealth.

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).

I do not have 5 layers of management that make my rates higher, no lender I work with pays for my office space, licensing, benefits, marketing department, compliance department.... 

Joking aside, we do believe Lima is a great market to invest in, and we will continue to grow here in both units we own and units we manage!

Lastly, there will be no management fees!

. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

It is our job to manage the risk at the inception of the project.Thanks for the info and comments.Alan.Good info.I don't mean for you to talk out of class, but Pace Morby says in one of his recent videos that he is doing "table top" closings (closing outside of escrow)  "because he knows what he is doing".