CoghillWe’ve used AppFolio for many years to manage a large portfolio, and while onboarding can be thorough, it’s primarily to ensure compliance with financial and legal standards.

@Robert Zajac pretty sure BRB charges less than an 8% management fee, so just as @Nathan Gesner states, they are making up for being below the "industry standards" by charging more elsewhere.BE CAREFUL about PMCs that claim they don't charge a markup on maintenance - TIME IS ALWAYS MONEY!

Putting that amount into it will only increase the loss.

When you save up enough capital, slowly increase your portfolio.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

We provide actionable information, not MLS data sheets.I’ve experimented with increasing the scope of our software.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

Perception of LiabilityLicensed agents are held to higher standards and may face legal consequences if they don’t meet fiduciary duties.

If they have, you extend that time to 6 months from date of death.On top of that, every month you delay buying the house, the loan balance is going to increase. 

The tenant base, on average, tends to be rougher on the properties, moves more frequently, and cannot absorb any rent increases.