Stocks go up and down daily but real estate, read the trends.

@Taylor DaschI understand the rule, but I read and hear on the daily that people will finish a property, then pull the money out of that property to pay off the previous loans,, then do a heloc on the property they just finished, just to buy another one and repeat.

Also, the agent is solely transaction based, so once they get their commission check they have zero accountability to you.Contrast that with a property management company (PMC): they have to deal with your property on a daily basis, until you sell it or fire them. 

If you look at how banks do it, they typically charge a one-time fee of around 4-5%, not a daily charge.The other issue is that you shouldn't charge a daily fee and let it go forever.

I've drove around a couple different area's and jotted down addresses and owners phone numbers for my realtor to call, check Zillow daily, and check Facebook group chats for off market deals.

They will have to manage whatever you buy on a daily basis until you sell the property or terminate them.

Your utilities will be much higher as well but I charge a daily/weekly rate if they want the pool heated.

If you think you will need Hotel service for your renters, talking to the CLOSEST 2 or 3 or 4 MOTEL managers might be a good idea.Motels have times when they are booked solid, and times when you could shoot a cannon through the place.Maybe you can negotiate a discount with the manager.Maybe less the daily maid service can get you a discount.What about cooking in the rooms, will they have refrigerators and microwaves, etc...Good Luck!

I cold call weekly sometimes daily.

I now have a territory that covers all of Upstate NY and Northeast NY which results in a lot of daily travel.