RENTS DURING THE HOLDOVER PERIOD SHALL BE DUE ON A DAILY BASIS.Frank

.- the HOA owners break rules on a daily basis but are not penalized (i.e. dogs not going where they should, animals off leash etc.)Trust me there is nothing I would rather do than move, we don't need these extra stresses in live, but with the economy the way it is we can't we just don't have the equity to price it right.

:roll: Find one person who has advocated the stockpiling of ammunition who hasn't also advocated the stockpiling of food.

here an empty lot REQUIRES daily snow scooping all winter,,mowing all summer,,and taxes and insurance as well sidewalk maintenance.

many are available via your local library and other online media sources like audibles and amazon.instead of listening to all the doom and gloom radio programs during your daily travel - use that time more effectively and efficiently by listening to something more productive.my local library will allow audio books to be borrowed or have downloads for a set period of time.i do agree that many of the Kiyosaki books are not as helfpul as how to references as most would hope or expect them to be.

I used to love, and I mean LOVE Jordan's Mexican food at Central and Thomas until they closed up.

Some seem legit, some repititive, etc....So before I make any commitments I thought I would get a few referrals of sites you may use on a daily basis that you can recommend.

As we all know, New rules, regulations are a daily occurrence in this market.

The level of management needed will depend on the age of the property and what type of repairs have been completed along the way.If you buy a property with deferred maintenance getting it turned around the first 6 months will take a ton of time.A manager should be compensated for the extra work in that case.A 10% fee simply will not cover or make worthwhile all the work involved.There will be eviction,court dates,trash outs,re-conditioning,advertising,tenant apps with criminal and credit check,ongoing repairs with tenants that are staying,etc.For all of you that want to manage other people's properties you need to check with your state's real estate commission.In many states including mine you will have to hold a license with a brokerage or be a broker.Some exceptions is if you are an employee of the company etc.I think often times investors have a high expectancy of PM work.Simply it's like owning a restaurant and having an 8 hr worker.To expect that worker to be just as excited and diligent about the business when they get nothing but a small check is a pipe dream.If I pay 100 for a steak then I demand service.If I go through the drive in at Taco Bell I expect the food to be correct and nothing else.Managing 100 properties yourself without help is the exception and not the rule.This is based on my experience dealing with apartment owners.One had about 210 units over 10 buildings all within a few miles of each other.Vintage stock and unit mix was all different ages.They ran it themselves BUT had a full time leasing manager,bookkeeper,and about 3 maintenance guys.There is no way without the help they could run them selves.I have seen basically one person locally could handle up to about a 20 to 30 unit by themselves.After that it becomes really difficult.Many investors buying in this range are not purchasing a new building.These are older buildings that need constant upkeep and have problems.Typically the mechanicals,plumbing,electrical all start failing at different intervals.I have a 20 unit and have a live in PM.It lets me focus on my real estate deals and I check in with them every 2 days or so to see how things are going.I don't want to do 10 hr work when I can make hundreds per hour selling real estate for my clients.If you want to invest out of state you could do triple net leases for mail box money.The CAP is about 7 to 8% where I am at right now.If you want higher returns then usually you have to take on more problems and risk.

I have partnered up with a professional Home Inspector and we love to educate investors on tools they should use to make their businesses as Real Estate Entrepreneur thrive.I am most importantly a Wife and Mom of 3.I love to cook - self proclaimed Food Network Junkie!!!