I self manage and like having full control over the whole thing.

Hi everyone,I have been with this management company since I first obtained the duplex.

Once the 5 years runs out you'll have used up your existing available depreciation but you still get to write off other expenses such as maintenance, property management, legal fees, etc.

Duplex 3/2 1 CarAll fulling fenced in, No carpet and we allow large dogs with Tenant Liability insurnace I Keep 8% management fee, all remaining funds go into start next build.

I live far away from this house, thinking about getting a property manager.

Do you self manage?

The Lead investor is the one finding the property, setting up management, raising money, managing repairs and upgrades, dealing with insurance, making distributions to investors and completing all the tax documents for the investors. 

The LLC operating agreement should spell out each of your roles and make clear you are the decision making partner and he is the silent partner.

So, in this way I manage the portfolio has a business instead of managing each property as its own separate business.

To avoid escrow delays and tenant upset, I decided to stick with the prior management company.