Administrative support- or do you do all the paperwork from start to finish7.

However, having separate LLC for each property seems like it would create an excessive amount of administrative duties and costs since each LLC requires various filings depending on the state of incorporation etc.

The new US administration is such a wildcard that timing on those is pretty unclear.

So if one party is doing the administration of investments, they should frequently reconcile with the other party so as not to incur earnings from idle capital in a savings account, for example.  

.) , right to convey (the right to sell the whole of the interest recited in the deed, and not just a partial owner, for example), freedom from encumbrances (no liens, undisclosed leases, or other claims) and defense of title as to all claims (a promise to sue other people to clear up the title if the warranties are broken).Usually (but not always) the language with the warranties will be near the end of the deed, and will say something like, "And we do, for ourselves and for our heirs, executors, and administrators, covenant with the Grantees, and the Grantee's heirs and assigns, that we are lawfully seized in fee simple of said premises..."

I'm good at administrative skills, research, finding the buyer, marketing even though i haven't executed on the marketing yet) Weaknesses include negotiating, probably building rapport with the seller (I'm an introvert, shy, etc) although I have been practicing this is just something I'm not really good at.

I have several m-m people that have been that way since the Clinton administration.

https://www.ezlandlordforms.com/articles/landlord-...I'm thinking a $200 late fee would probably nip that problem in the bud :)And if not, you'll be compensated for the couple of extra hours each month you have chase the rent down.Just explain reason for lease change/late fee increase is that you make $200/hr and have no other tenants that are consistently late like them, requiring this extra 1-2 hours of administrative work on your part.

The "management fee" includes MANAGING the property, and that's including the administrative time of collecting rent.

The main cost of an LLC the the administration of it not the cost of forming it.