Maybe because if you do and someone does buy into into, you need to get your referral fee.I have looked at quite a few, and expense ratios/costs are way high, would rather do Index funds which are way low cost and less risks.Also there is a reason many require you to be an accredited investor, which requires you to acknowledge there is now SEC security blanket involved(even if it is overseeing), and that you are on your own.Kind of related, I have a stock tip to sell, I had 200% returns on it.

Feel free to DM me if you need a few referrals. 

They can be great referral sources for responsible student tenants.Best of luck with your first property!

@Patricia Smith Even if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Both were referrals

Does anyone happen to have companies or referrals for Prop Mgmt and Rehab in Richmond, Indiana?

Local investor focused realtors will have multiple referrals for you to check out and interview.

@Paola AstridRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

In my area (near the beach) its mostly families and they want cabanas, baby items, chairs, coolers etc that we do not provide but I have a local vendor that delivers and picks up these items and charges a few dollars per day for each item, and give me a 20% referral. 

We had a client that bought in Port huron and then ended up selling their property because they went through 3 PMCs and gave up trying to find a great one:(Some copy and paste advice below:--------------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.