Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Account Closed A few items I would want to know about a PM company: what does their team look like, how many properties do they manage (might give you an idea if they are staffed appropriately or not), what fees do they charge (management fee, tenant placement, lease renewal, etc.), how long have they been in business, what is their response time to a maintenance request, do they hire out repairs or have employees that fix items, how do they determine how much to charge you for a repair, what items are the tenants responsible for (drain clogs, light bulbs, furnace filters, etc.), does the company have a preventative maintenance program in place, what qualifications do they use to screen tenants.

I would demand that the tenant pass your screening criteria before placement.

In your calculation above you had vacancy and maintenance but you left out, taxes, insurance, management, tenant placement, legal costs accounting costs, holding costs while vacant, turnover costs, reserves for capital expenses. licenses and registrations etc.., etc.

Though, in reality, they'd probably be just as prepared if you called them just a couple days before the units were ready to go on the marketBoth @Denise Uhrin and @Mark Owens do tenant placement and you know they own property there.

Larger, nicer homes can do well as insurance placements for significantly higher rent than you'll get from a travel nurse or digital nomad.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

If you end up being solely a LP then the promoter/syndicator/GP would be well-served to have an offering circular or "private placement" that enumerate the risks of the project.  

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

He's a typical developer (control freak), but very successful and smart as a whip.My question is this: is it the norm to raise capital by way of a fund and a private placement memo (to fund various projects generally), or should I be looking for individual investors for project-based investments?