I am currently negotiating with a property management company to take over 24 single family homes in Kankakee county IL.  All properties have been rehabbed in the last couple of years and we are seeing about a 20-25% ...

Hi Everyone,How do you approach partnering with a property management team to do deals together? I'd like to give them a lot of the equity so that they're incentivized to keep the property up in exchange for financial...

Hi BP Nation,I understand that this might sound all too basic but I need to know ALL the responsibilities and duties of a PM in a TK setting. I just purchased a property and will be having a formal meeting with the PM...

I am extremely curious about moving my old 401K (prior employer) into an account to start low level lending, note investing, etc. I would like to see if anyone has experience doing this and how it has been so far. Wh...

I mentioned the possibility of double closing with the escrow officer I use at my title company and she seemed a bit confused. She said there were "multiple types" of double closing.

With that being said, w...

I've been researching PM fees in all the different markets I'm looking in. The general PM fee is 10%, which I factor into my monthly fees. However, its apparent that all PM companies also charge a tenant placement fee...

BP-I turned my property over to property management in May of this year. Took 2+ months to find tenant. Selected tenant is now botching payments in month #2 of lease. In essence, PM has managed for 5 months- I have no...

I see 7-12% fees for property management around here. $1500 month property. $150 at 10% x 12 = $1800 a year
$1800 x 10 properties = $18,000.  Someone can manage 10 properties alone but still you are only pulling in $...

So I have been calling around trying to get lists from title companies in Illinois (no lick as of yet) but was informed by all of them that they cannot do double closings unless the first transaction is escrowed, or t...

Hey BP,A friend and I are under contract on a quadplex and in our proforma have assumed a 10% management fee. However, we are projecting rents of $1,125/unit or $4500/month. With a property that brings in so much inco...