I believe in MN managing for other for a fee requires a license.

This sale price reflects the property's enhanced value due to the thoughtful and well-executed improvements.Profit Calculation:Sale Price: $205,000Less Purchase Price: $70,000Less Renovation Costs: $38,000Less Holding Costs: $5,000Total Profit: $92,000 (before any additional transaction fees or taxes)This project underscores the effectiveness of strategic property selection, focused renovations, and market positioning.

It's not uncommon for sellers to stick to their original asking price, especially if they see the value in a straightforward and faster sale process without the additional fees that come with broker involvement.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

His portfolio is also not 100% real estate, so it's due to a multitude of factors.

Think through your expenses and make sure you have them all covered (like WiFi, HOA fees, etc) and you should do well.

But you still have to factor in other maintenance costs, insurance, utilities, and repairs. 

There’s never a reason to pay any other upfront fee.

We do not charge a fee or try to sell anything there.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.