The agreement can be customized as well for example an agent can write in a clause that if you’re unhappy/ want to work with someone else then the agreement can be terminated with something like 72 hours notice (first agent would probably have “procuring cause” on any properties they’ve showed you already), or the client can work with one agent for one type of property/ a specific part of town and a different agent for a different investment goal.

Additionally, I believe you could write it off as a business expense but check with your accountant.

Mom and pop owners often won't disclose either because they never kept records, or also common, they are writing off a lot of items to the property that make the property appear more financially burdened than may be the case (I may or may not have had a few dozen dinners out with my wife that get booked to my rentals).

Whats going on Noah,In the past I've hired drivers and paid them a dollar per property, with a minimum of 50 properties per day.I was very specific with how the properties had to look since it's very easy for someone to just start writing down any house that needs just a little work (no real distress). 

@Bruce Woodruff  we have a checking account that my partner deposits the money into at the beginning of the rehab and I have a debit card and check book that I write checks out of to pay contractors/subs and use the debit card for materials.

The depreciation could be $500,000 in the first year (or first 5 years), they would receive $25,000 (5% of $500K) of depreciation write off.

More recently I have been trying to think of ways that I can escape the "rat race" that Robert Kiyosaki writes about in Rich Dad Poor Dad. 

I am going to list them:TurboTenantIt is completely free to advertise your rental, screen your tenants.You upload your pictures, write a description and it posts to 20+ websites for freeTakes about 24-48 hours for leads to come in.Once you select a tenant, they pay for the background check, upload documents (paystubs, ID, W2) and it is all set to you.It even helps you build a lease after you select a tenant (there is a $30+ fee for the lease)My referral code (https://turbotenant.com/r/T3du... disclosure.

I was going to write this post exactly.

They write one check or send the rent to one person.