Without a financial education - it's hard for him to discern which.What he should NOT do is to buy toys or spend it on fun because it'll quickly be gone.If he was financially savvy or versed in real estate - he could even buy a small apartment complex and self manage it if he had some property management skills.Advice should be catered to him specifically though, blanket advice isn't that helpful.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Quote from @Karl Kauper: Several weeks ago I posted on BP asking for advice from actual property owners in the Cleveland area (Euclid, specifically) about their experiences with local property managers.

Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat

Hi Everyone,
I recently started a Marketing Company that helps VRM get listings. I'm getting good results for our clients with postcards and some paid ads, but I'm looking at implementing cold email and cold calling ...

, total paid I also have a tab for maintenance to that specific unit Was wondering what other things you guys might recommend keeping track of?

These institutions might be more flexible and willing to work with your specific scenario.  

The forums are great but tax pros here don't know all the ins and outs of your specific situation so it's hard to give definitive answers.Do the house hack though!

It can be anywhere in OH -- Cleveland, Columbus, Akron, or anywhere, and here's what I'm specifically looking for:1.

Save yourself some time by creating a detailed bullet point list of all of the criteria you look for in a deal - and be specific.