What I’m getting at is do you only pay them as you go or is it a recurring payment?

@Dominique Williams - if you read a lot of RE books, even older ones, one recurring theme is seldom sell.

This will both lower your recurring monthly expenses, while providing the tax advantage on your capital gains when selling.Best of luck with all your investments.John

Zoomed out to the 5 year timeframe, having or not having an escrow account will not save or cost you a dollar in recurring payments/obligations.

Then the investor can essentially sell our service to the buyer who's going to rent out the unit as an alternative to needing a property manager for the recurring maintenance issues in the future.The investor would also get a lifetime residual on the people who use our service so they would continue to see an income stream from the flip for years after they have already sold the home.I would love some input on this idea, I think it's an awesome opportunity for those looking to increase their capacity to sell more homes.

Then the investor can essentially sell our service to the buyer who's going to rent out the unit as an alternative to needing a property manager for the recurring maintenance issues in the future.The investor would also get a lifetime residual on the people who use our service so they would continue to see an income stream from the flip for years after they have already sold the home.I would love some input on this idea, I think it's an awesome opportunity for those looking to increase their capacity to sell more homes.

They can even set up recurring payments so they won't miss another rent payment. 

You can use a free calendar like Google Calendar and set recurring reminders.

I agree it doesn't seem to really work well with STRs where you don't have a consistent monthly income amount - I pretty much just used my monthly average.Another problem I ran into - when it imported my bank transactions it asked me to select a category for a transfer I make from my checking to my savings (I put money aside for taxes etc on a recurring basis using an auto bank transfer).

I want to believe that lots of baby-boomers are tired of sell-management, but still want "mailbox money" every month in the form of interest.Has anybody seen this theme recurring in their personal investments?