I have lost millions in gross commission because people just cared about saving a few thousand.

Accepted 270k no contingencies.  270-166= 104k gross profit  before taxes/fee/commission.  

A jury will unanimously acquit you: Sharing bad news makes you less likeable — the “shooting the messenger” effectIt's hard for a beginner to find a mentor if he starts by pointing out the mentor's gross mistakes.

Hey Guys,Me and my brother are currently looking at this small strip mall that is approximately 350k, yearly gross income is around 54k and the expenses are about 11k but it does need repairs.

This gross rents for $2700/month and ahs approximately $1600 in expenses, fully financed, tax, property manager, etc.

You have to know what the gross revenue potential is on any deal so you can underwrite properly.

Commercial rent, in my experience, typically budgets more than 10% of gross in good times.

But if I were a shady property manager it would not be hard for me to pick good tenants but are likely to leave in 2 years and then find a new tenant again to pick up the 1/2 month of rent fee.Same for maintenance and repairs, I understand that's more work (although not much to call a trade) so there would be time costs associated but the trades used by the property manager may not be the best or cheapest if they work with someone who gives them a lot of kickbacks or in my case marked up an extreme amount on the work.As mentioned by others above, I think the best structure and one that I plan to use for my syndicates as well, I would rather sign a term contract with a flat % fee of gross rent to cover the property management services including lease ups, maintenance, evictions, etc. 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

I charge $600 a week for a 3 bedroom that is furnished just as well as your house or mine.  6 months of gross rent should cover the purchase price of the house.