I've thought about sending my property manager a Christmas card this year.

Do you think that 6-7k cash flow plus the return when we sell the place in few years is good enough of a deal to bring in a new partner to buy out the other?

Anyway they talked me into buying their services costing $2,700 for the next year.

I have a property on Kauai that is up for refinance this next year.

Since electricity and water is included in our rent, we also have a clause stating that if the monthly bill doubles compared to the month-comparable bill from the prior year, then the excess will be assessed as a fee.

My goal is to have enough properties to where I can make 150k a year and have more free time. 

I've had a rental property in the Portland (OR) metropolitan area for the past six years.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Generally in the first year or more you’ll have enough of those to not really incur any UBIT on especially when you factor in cost seg.  

For the very first year of the tenants living at the property I was under the impression that a notary was required to make it a binding contract.