All Forum Posts by: Mark Bradford

A big welcome from across the state line!

I guess I'm resurrecting this old thread. But, this has been on my mind lately due to the fact that several leads given by me to a 5 plus year agent of mine have produced many closing for her. So I ask the same question by with a twist.....

Can my basic Property Management (remodels, rentals, Flips and handyman) business act as an advertising venue for her Realtor/ Brooker Business? What if she paid me a monthly fee for card distribution, name drops in posts on BP, contact info for her in my rentals.... On and on.

The only question I sees with this is how much is it with to her????

Welcome to the BP community!!!!!

Welcome Hooiser!

How many self investor flippers pay theirselves as a draw during the flip? Is there any benefit to it? Less profit at the end but you still pay income tax on your draw. I'm just brain sorting out loud I guess!

Thanks for the replies so far. We are just holding as normal in the daily business of the property. I do ask to be careful of our posts on this topic and be sensitive in our statements.

The larger question in this post is : What type of paperwork would this executor of the will or new "owner" be bringing me? If it is the executor of the will would it be a court document or just from their attorney?

As the title says:

Owner of a property I manage dies. Now what? What paperwork should I receive from an attorney or family member to prove ownership?

What is the best way to handle this. I don't want to question the family member after thier loved one dies. But I do need some kind of proof.

Second part of this is. What if "new" owner doesn't want to use my company to manage anymore are tenants relieved of their rent lease?

Welcome to BP!!! Central Indiana has been very frozen as well this year! We will thaw. Lol.

We get on average 1.5% and good cash flow. We are seeing a good chance for market values to increase in the next year. PM me if you would like to hear more about these opportunities.

Lots of good questions and good answers so far. My two cents is I manage and invest in small towns just like you described. I also live in one. I have 3 bedrooms, 2 bedrooms and 1 room apartments. Filling them is never a problem. Sign goes up (maybe) and the sign comes down quick. If the math is right and if projection of future repairs (some we can prepare for) is correct for what it is worth I say go for it!!