They claim to be a “ professional money manager’, wealth manager, investment manager, financial advisor, etc.  

My Wife and I manage the properties, we share in this approx [hours weekly].

A manager will roughly cost $100-$150 a month to take over a unit (it could be more or less in your market) and manage the units.

We manage properties here in Indy and work REI investors, happy to answer any questions you may have!  

Sure, about one in 2000 times, by someone experienced enough to recognize a very unusual situation, having the capacity to act on it, having the financial strength, experience and tract record to be able to attract the needed capital, having the knowledge and ability to structure the deal, having the ability to manage and or reposition the property after purchase, and having the capacity to carry the negative cash flow until turning the property around or obtaining lower cost financing.  

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

One possibility would be to manage the project yourself (i.e. use handymen and subs and cut out the GC).

I hope all the noobs are learning from our expert-level discussion. 

Additionally, managing series LLCs can be challenging, especially when it comes to opening bank accounts or handling titles for individual cells, which can create unnecessary complexity.

I actually have two south side chicago properties right in that pocket of Greater Grand Crossing.The key here, more than anywhere else, is proper tenant screening and property management.