Also let them know that you are shopping your property to other management companies just so they know that they're not your only consideration. 10% of the rental fee is the typical fee amount each month for property management.

The most important way to begin turnkey investing is to find a strong market and a provider you can essentially trust as a business partner.

That typically is investors.

What Bob said above is what most of our clients do through us.And while the desired income level varies, the goal we map out seems to be 5-7 years typically until they've met it.We have a dentist in CO we're working with to map out an aggressive 5 year strategy (starting with more liquid cash) and jumping into a few 4 unit buildings as well as SFR.  

Essentially you take the information provided by the vendor - primarily the leases - and draft an estoppel describing the tenancy and any other relationship with the landlord (i.e. employee) for each tenant.  

So, if there is someone who is late it can be reported much quicker than a typical "collection account" which can't be reported until it's 30 days  late. 

Essentially, if you want to start investing, then all of your actions right now should be to help you START INVESTING.

I'm essentially giving up control about the timing of CapEx expenses to the HOA which can be a pain.

Is it possible to get an closing agent to do all of the due diligence that needs to be done in a typical closing ALL IN ONE DAY?

Hi everyone,I am making the jump into apartment complexes and I am having (typical) newbie issues of raising funds to purchase.