All Forum Posts by: Joshua D.

@Max T. Why would you need a brokers license to manage properties? How would anyone even know?   

@Justin Voegele

Thanks for the replies everyone! I’ve been having a lot of anxiety about it and he found out about that and he called me earlier and said don’t worry about it. Which I’m happy about in a way and In another way I feel bad like letting him down. I really didn’t wanna bring his on because lately been stressing about are stuff. Don’t wanna mix family with business and alot of factors honestly. Hope I made right decision

Looks like gross rents are around $12,000 but i need to look further. so maybe making $1,200 a month where with my house buying and renting holding im gaining so so much more in my time finding deals and renting them. 

@Michael Masterson No he wants us to manage them how we manage are's because his are a mess and people way behind on rent and nothing looked after. 

@Jake S. There really isnt any management companies.  Im thinking this isnt the route you should take is being a property manager but finding the deals and doing your own thing is. Im not sure about mixing the family and business together also and everyone is making comments well who else will manage them one day. I just dont know which way to go with it. Seems like such a pain starting out also 

@Jake S. I feel this will only hold me back to be honest and keep me from reaching my own goals and feel my time is better off finding deals and managing my own stuff. There are no Management companies around. Im stressing here and dont know what to tell him. 

So my father in law came to me and my wife asking us to manage his rental properties which are around 15 of them. He saw we were doing are rental properties and liked how we handle them. Well im second guessing it now and wondering if i wanna mix family and business together. I met with his secretary about everything and everything really is messy. But he wants to pay me first months rent putting people in his properties and 10% for managing them. So trying to set it all up to manage his places. Is there a good way to do this? Hardest part is getting everything transferred over and getting tenants in place with the way we do things. I never thought about getting into the buy and hold business to manage other people properties. He's my father in law and hard to say no but having anxiety thinking about it all. He is a huge business man in the area and honestly the 15 properties he has is literally pocket change to him. He has so many businesses and stuff. Just not sure how to structure this and handle it all or if i should do it. Please any advice would be greatly appreciated? Alot to think about for me. 

bump 

Would you take 500k cash but your credit is shot and you have to start over with horrible credit?

Whats best place to do direct mail for real estate or best place to find motivated sellers? Ive tried realeflow and some other places. Any places anyone would recommend?