Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago on . Most recent reply

Property Management Question
Hello, my wife and I are planning on getting started in REI in the next year, but for right now we are reading everything and building our savings. I have a question that I just thought of and haven't seen in a book yet. Say I hire a property manager to take over my rental for me. I know that some require the first months rent when ever they get a tenant for you. So do you ask for first and last months rent so you can get paid for that first month as well as the property manager? Or do you just depend on your reserves to cover you for that first month?
Thanks,
Blaine