Now you are telling me my critique of of your business model "gives you motivation".

I'd be happy to share more ideas, let me know! 

So it sounds correct to collect all amounts into my business account then and send a 1099 to the owner reflecting what they received minus the PM fee?

@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent. 

Hey @Krissi Miramontes Small world, I have a former client in Fair Oaks, or at least her business is there.

Property management is a "nickle" and "dime" business.  

All contractors (no matter the trade) are businesses, and should be run as such.

Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.

I own the property free and clear and i use the equity as part of my business line of credit.

The founder appears to have been involved in businesses outside of real estate: ‘My dream is a locally made grooming products business’ | People | nashvillepost.comSo it does not appear there is a lot of track record there, but those are questions I would ask.