Life’s gotten very busy, and I might just cut ties with a half renovated property as I now live three hours away in Portland Maine and would like an extra 30k or more to put towards a upcoming house hack.

I still have my regular job @ 50k a year but the properties pay for themselves, extra cash goes straight towards the principal on the mortgages.

When economy is on downward trend a lot of businesses go into (cost cutting and flight to safety mode) increasing sales at existing well located stores.

With it we went to schlage encode locks so we do not have to have a controller and can program straight through wifi.

I have a property management company that I pay 10% so $100k.As the property management company manages the property like the leases, finding tenants, repairs, maintenance etc do they collect the $1m paid to their bank account and I trust that they only take a $100k cut and pay me $900k or can I instruct them to set up the online service where all the rents are paid to me so I pocket the $1m then pay them $100k?

Can’t you tell them to deposit all the rental income to your account since your the landlord then pay them their cut?

On top of that, I have the added problem that I could engage someone, they could come back to me and say, "your tenant is right; you need to cut your rate."

Again don’t waste another day you’re going to take a hit but that’s part of this business next time you’ll know better than to keep cutting slack and trying to help out.

Just so we’re clear, I will never intentionally cut you out of a deal or ask you to lower your commission.

He holds all the cards and has no reason what so ever to cut you a better deal . he knows the area and controls it .