Charge no more than 8% PM fees no other fees2.

But, do Not take the “free” title insurance...it’s not really free as their title co. adds a bunch of junk fees, and.....their title searches don’t include non recorded liens, and they will be excluded in the title policy.  

Lender - has to be licenced to lend in the state where the property is located in - You will likely get better customer service/lower fees if you go to a small lender in the area where the property is located in.Attorney - Each state/cities' law's are different.

My question is if I open a PM company do I have to share fees with my brokerage since its a separate business or do I only have to share leasing fees?

Both charge a small fee that's paid by the customer.

But I probably should have included in the contract that if they exceed the “average” utility consumption I oils charge then a fee.

We are very much looking forward to the new challenges that we will encounter and we are very grateful for the vast amounts of knowledge and experience we are learning through BP forums, blogs, podcasts, as well as my Audible subscription. 

Can anyone suggest how to word a late fee in a Rental Contract

There will propabaly be investor qualifications (accredited or sophisticated) but it’s a great alternative that allows folks who want to get out of a participation (hands on) ownership role and 1031 up into a more risk averse large MF building while being hands off.The sponsor will take fees of course like a normal syndication (most likely) and the returns may be slightly less, but you should still share the appreciation rights and ultimately just continue to 1031 up and up.Happy to answer questions.  

Actually added a second property down the street to maximize our property management fees.