If the economy tanks, I’m buying warehouses.

RE values tanked.

On thanksgiving last year our tenants wanted to grill on the one we had and asked if we could get them propane...If it were me I would just fill it up but since they asked we went ahead and asked her brother to fill up the tank and bring it to them.We want to hand off the property management in the near future with someone that has a good team in place as we do not want to put unnecessary stress on our family but most of the people we interviewed managed from out of state which is the same thing we do.

Here are fees from property managers you can expect (but do note that it will vary):- Property Management fee: 20-30% (depending on the market and I think I've seen higher than that)- Repair Management Fees: Fees are tacked on top of actual cost- Setup Fees (getting the unit ready)- Design Fees (hiring a designer)- On-boarding Fees- Linen Fees- Cleaning Management Fees- Any other fees (i.e. resort fees)Expenses to expect (may vary):*Some may be covered by the property manager*- Supplies & Linens, Propane tank replacements, Water filters, - Utilities (water/sewer, garbage, electricity, WiFi)- Permit fees, TOT (local and/or state), business license fees, HOA fees, and any other local fees- Maintenance (air filters, touch up painting, plumbing issues, and etc)- New Amenities/furniture to improve listing as time passes - Upholstery cleaning- Pool & Hot tub cleaning - Gardener - Security Camera subscription- Noise / Smoke / etc monitoring - OTA service fees- etcI hope this helps!

Do the same with the hot water tank run the hot water.4th look at all the cosmetic, painting, flooring, carpet,5th look at all the outlets see if they need to be grounded, see if they are two prong or three prong.

Bad team = tanks your investment.

For 18 units for my largest building it’s going to be $40K for running gas lines, 18 heaters, placing the heaters, placing the tank, digging the trench for the line to the tank from the building and reburying it, and having the propane company out to test all the units.

Mold unit 1 bathroom-Plumbing basement leaks- oil tank rusting/ inspect and paint - ?

I am a shark in the negotiation chair, and the example above is a simple examination of that.If you hire a agent to defend your interests, then by all means... go right ahead and direct them to get you the most possible.  

Also there are companies who run seminars and just license the names of famous people multiple Sharks from Shark Tank, almost anyone who has a show on HGTV etc.