If they get a new fridge, you can't expect to keep their brand new fridge when they move to replace the 15 year fridge that was there before (even if the old fridge worked "just fine"). 

Paying commission to an agent for a house that will likely sell itself is hard sometimes, a lot of money for walking someone through the home when you can do that yourself and a mortgage broker can pickup the slack on some of the items a agent will perform. 

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

Hi Friends,
I helped an out of state friend buy a quadplex in my area. I manage it with some of my other rentals but am not necessarily a property manager. The way I structured the deal was that I get monthly managem...

The increases in taxes did not negatively impact the financial performance of the property.One warning about triple net leases.  

This is why people are now buying at 3% cap rates...they are seeing the out of control rent growth and they know that the revenue stream is growing--rapidly.Remember--cap rate has nothing to do with investment performance. 

It's good to have a brand, company name, etc, but you also need to be able to really talk the talk.

As Adam mentions, for my notes that don't perform I prefer either doing a lease option on it and technically renting it out, or if rental market doesn't justify the landlording headache, doing a light rehab and selling.

If you want a brand new HVAC and water heater, you generally buy a brand new house, or one that's been renovated.

In return I'd get paid for the work I performed and a percentage of the profit when the property sold.