General Question about Property Managing...

[John Jabson]

First Question: As an agent that wants to start a property management company, what is the usual split between the broker and agent, assuming the agent is doing the work and has more or less started the company with the broker's assistance?

Second Question: Theoretically is it possible to become a realtor and then market buy-hold properties to out-of-the-area investors and then, in turn, manage their properties? The rural town I live in has numerous investment property opportunities with alot of properties going for 20,000 to 60,000 that rent for 400-700 dollars a month. Investors would be interested in this, I'm sure. So the question is...will this strategy work?

[Jon Holdman]

Can't answer the first question, but the second is very common. Usually called "Turnkey Rentals".