.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).

To clarify for those reading the company is Prime Corporate Services out of Utah.

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

If real estate is involved, separating it into its own LLC before the sale can simplify the process and make it easier to leverage a 1031 exchange.This post does not create a CPA-Client relationship.

Hi Alejandro, I just had a new client (investor) from Toronto drive the short 8 hour drive to Indianapolis this weekend to do some research of the area with me. 

one of my clients that has a pretty big PM company.. had a unique way of doing this.He offered 50% of the first months rent or 500.00 minimum.. he would have 4 or 5 agents at the weekly meeting handout the list of vacants .. each of them would go place a sign in the yard and first come first served.. he found that potential tenants would call the first sign if no answer they called the next one until finally someone answered.. it worked pretty awesome for him. 

You are buying a business with yaught club services, bait and fishing, fuel, etc.

I didn't see a minimum DSCR (or Rent to Debt Service), depending on the lender.Because I run my business myself my expenses are little to nothing above and beyond my mortgage and escrow payments. 

Hey Zahra,Have a lot of clients working down there and you are correct, it has become a great place for investors.Biggest differentiator that I have seen has been on appraisals after the repair.