What you do is create a management company and charge out a fee to your rental properties.

The most common I know of for people low on cash is partnering with someone who will finance most, if not all, of the deal in exchange for them taking care of most, if not all, of acquisition and management.

I have not had any applicants attempt to scam me, but I hear about it all the time from landlords and property managers in larger cities.

🌎Based in Suwanee, GA (Just north of Atlanta near Alpharetta), and planning to invest in Forsyth County, GA and in Lake Junaluska, NC (30 min outside of Asheville, NC) 💫 I plan to buy either a STR, a BRRR, or flip a nearby property in my zip code to learn more, and find out if this is right for me🏠 First got interested when a very successful colleague and Product Manager at a startup in LA left that world to get involved in STR in Joshua Tree, CA.

Tenants on the left were inherited with the purchase several years ago - they had a trampoline set up at that time, and I had my property manager ask them to remove it.

Can my property management company manage the property and receive the income?

Hey Daniel,I think it really depends on what your strategy is.If you are planning to pick the market, furnish and manage the property then education will be extremely beneficial.If you are partnering with an experienced agent/manager then a lot of the guesswork is taken out.I'm based out of central FL and have helped multiple Canadians purchase investments in FL.

I manage around 400 rentals with 14 years of experience and have never been sued once.

Managing Rental Properties by Heather and Brandon as well as Rental Property Investing by Brandon Turner.

The best ways to find this are 1) See if your local NARPM (National Association of Residential Property Managers) has an attorney affiliate member. 2) Ask your local landlord and investor club members who they use. 3) If 1 and 2 are not options, go to your local court case lookup site and pull the cases for the third week of the month.