For STR I only use it to post expenses since Airbnb handles collection and distribution of funds but as I say, that part is cumbersome.

p16  "Salzano used this money, much of which was traceable to Fund investors, for an array of lavish personal expenses, including erectile dysfunction medications, expensive dinners, extravagant birthday parties, and payments to Individual-4 (Salzano’s wife), Individual-5 (with whom Salzano had a romantic relationship), and Individual-7 (Salzano’s ex-wife), none of whom worked at NRIA in any capacity."

I sold it at 7.5 percent over the course of 30 years and if the party defaults i immediately retake possession pocket the hundred thousand and the months of 7,000 payments and now I have an asset that is probably worth significantly more then when I sold it.

📝Remember, a well-communicated contract benefits both parties and contributes to a successful project. 

If you are doing management for others (Third-party Property Management) you need a Real Estate License, and your Broker has to maintain the trust account and allow you to do Property Management.

Hello all new to the forum,  Jim Rohnn,  Rich dad Poor dad ect , BP podcast reader/ listener My name is Joshua i have a house  13 years and a w2 worker married with 2 girls native of Colorado,  would like to invest/ b...

What you're proposing is known as third-party logistics.

If you are doing management for others (Third-party Property Management) you need a Real Estate License, and your Broker has to maintain the trust account and allow you to do Property Management. 2) You don't have to be a Broker to do PM.

The majority of contracts are written up that way to be owner friendly, as long as both parties do what's agreed upon. 

When people use the term "property manager" they are typically referring to a third party who manages rental property for another.