We've been charging $375 per unit for a one-time sign up fee that covers advertising, account setup and leasing.Let's say a broker refers me to a client that has a duplex that wants property management and I pay $100 for the referral.

Hi Leigh Ann,I may have misunderstood the question, but I was referring to purchasing these at auction after the foreclosure as a straight REO, and at that point the property has been cleared of the liens.

I'm not a banker, nor do I broker mortgages or get paid any compensation to refer those seeing to refinance.

@Dakotah Smith Do you have an active buyer/agency agreement with the agent you are referring to?

http://allcountyalamo.com/Tell him that I referred you.Yooch

One of my apartments was empty for almost 6 months - even though I referred several interested people to them, the management company never got around to showing the place and kept making excuses. 

Sandra,I just realized that you are probably referring to the stove top and not the door, but the situation is the same.  

Of course, the rule is you have to let him know I referred you!

Here are the numbers I am seeing though on a monthly basisIncome $1400Debt service (assuming $0 down) $618Taxes $250Vacancy  $117 Lawn care $50Misc $84 (I am not sure what misc is referring to but ill leave it on there for you.)Cap X $114Management $114Maintenance $114insurance $114Monthly GOI = $1400Monthly expenses= $1689Monthly cash flow= $(289)Feel free to adjust these numbers and repost if I missed something or was higher or lower than what you believe it would be for this particular property. 

I have called them and emailed them to see which month/year they are referring to but they won't respond back.