I promise not to disclose this incentive to you.Then the syndicator will generate a 2.5% fee for buying a building, charge you 2.5% for managing the asset, another 2.5% to sell or refinance it. the GP LP carried interest split will be 70/30 on the huge pile of money we will make.

The financial solution can be self management or a full time manager. 

About a month ago we started contacting property management companies to help us get the rental part moving, but this is where we've hit a road bump.

There is only one "Responsible Broker" or "Managing Broker" per brokerage.

Do they have expertise in renovations/management that you don't?

It's easiest to work with STRs in your local area and can self manage at least at first.

Hi BiggerPockets Community,I'm having trouble managing mortgage payments for my rental duplex property and could use some advice from those who have dealt with similar situations.Background:The mortgage for our rental duplex is in my and my wife's names.Our LLC holds the property deed via a quitclaim.We set up a business checking account for the LLC to receive rent payments and manage property expenses.The Problem:The bank requires that mortgage payments be made from an account in my and my wife's names, not from the LLC's business account.

If they caused you damages due to their violations of rules governing licensed brokers, you may be able to make a claim through the Real Estate Recovery Fund.2) either you or your attorney send an official termination of services letter (if you haven't already), wherein you need to demand that they remove listings, return to you your property they are holding, disburse your money to you by a date certain. 3) if they fail to comply with your demand, contact an attorney to prosecute the remedy.You can attempt to re-list your property yourself or with a new management company, but you may run into problems with listing websites when they see an existing listing for the same property.

I self manage my stuff, but its not hard to do it for 50-60 tenants...

Thanks for the suggestion.We are planning to self-manage our next property, so my preference is to live nearby.