3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.

Does anyone know if this individual needs to be a W2 or can I hire on a 1099?

lol)Purchase Price: 115k, Rehab 150k, Total all in: 265kExpected Rent: $4,000/month to $4,400I hired a real estate investing coach to help us build out the budgets for these 11 doors. 

I’m in the process of evaluating the purchase of a laundromat and looking to engage with some folks to ask some questions. 

Will you go it on your own, or would you hire a PM? 

I would work on my communication of my processes including letting them know asap of their schedule with me. 

If someone had gotten hurt and sued for $1mm then these coverages would have kicked in.Having been thru the claim process on a total loss.

One key takeaway for future projects is the value of hiring professional painters.

So we are talking about a 5 or 6 week process with no court supervision required. 

If you are hiring a legal licensed contractor , he will provide you with a contract .