., they've built in a markup to make it a profit center.2) They hire contractors and get invoices from those contractors, but either bill owners on their letterhead or that of a wholely owned subsidiary and charge a markup that owners don't see.With the amount of time it takes to properly manage the maintenance process, there's no way a PMC can NOT charge a markup and provide acceptable service.

>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!

@Paul R Schiller you can setup parent subsidiary relationships with LLCs. 

@Shaun AndersonYou may be able to open an account at TD Bank or RBC's U.S.A. subsidiary (Harris?)

., the easiest path for a Canadian is to borrow from the U.S.A. subsidiary of their Canadian bank (TD, BMO, & RBC all have U.S.A. banking subsidiaries) as you can use your Canadian credit history.  

What I was actually thinking of doing in the future was to have one the businesses as subsidiaries of one main businesses, but I definitely agree that keeping them separately would probably be the best bet for me.

As of December 31, 2010, the Bank had two wholly owned subsidiaries, First Bank Insurance Services, Inc.

There seems to be a lot of discussion regarding partnership parent companies, but not many about single owner.My ultimate goal is to have the parent company, with subsidiaries for flipping, rentals, and possibly a management company to handle each of the rentals, for further protection.

The survival of one of the nation's largest non-bank mortgage servicing companies was thrown into question Thursday as the company was hit with federal and state lawsuits for allegedly failing borrowers with mistakes, shortcuts and other problems that cost some people their homes.Ocwen Financial Corporation allegedly botched basic functions such as sending accurate monthly mortgage statements, properly crediting borrowers' payments and handling taxes and insurance, according to a lawsuit filed in a Florida federal court by the Consumer Financial Protection Bureau.The CFPB also accused the company, based in West Palm Beach of improperly foreclosing on struggling borrowers, ignoring complaints and selling servicing rights to mortgage loans without fully disclosing mistakes the company and its subsidiaries made in borrowers' records.Read full article here...

As far as setting up subsidiary entities for each property, this depends on what kind of liability protection you are looking for.