It's much easier to unwind a fee for service relationship than it is a partnership.  

@Bonnie Low - it's important to know what services you're paying for.

Im hosting an investor meet-up tonight.

Hey Stacy, Id connect with @Steve Wolterman as he is a tax attorney and 1031 Qualified Intermediary servicing all states! 

Most hosts have a closet where they store extra supplies, so yes it's very important o have a locked supply closet.Hope this helps!

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

Good luck  Total Rents Collected: $23,025/mo Debt Service: $12,358/mo (sad for me. 8% interest rates lol) Property Management 10%: $2,303/moReserves (Vacancy 5%, Maintenance 10%): $3,454/moPhantom Cash Flow: $8,365/moTrue Cash Flow: $4,911/mo (Money I can legit burn)  bob as you probably know I owned a few hundred of these types of homes from DetroitCleveland to Jackson ms  Birmingham balt city etc etc.  

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

@Gutta Bunni are you advertising your management services?

I get a few more calls for service but higher rent is worth it.