All Forum Posts by: Seth Franklin

 Thanks for your suggestion, Tom! 

 Thanks for your response!

The management company would actually be for a small portfolio of SFHs. Just wanted to ensure the company couldn't run rampant with charges when there could have been a more cost effective approach. 

We are currently exploring a particular property management company. The management company requested to have access to the bank accounts for the rental property. Is this a common practice? Can we put something in the contract that prevents them from racking up unnecessary charges? If it is an account, can it be set up so that we're obligated to keep a minimum amount in the account for the property management to draw from when needed and when it gets low we can transfer money into the account?  

Thanks for your response & time! 

College is like a lot of things in life, you get out of it what you put into it. Knowledge is sought, not taught. Do your research on the degrees you’re interested in. Explore the potential salary for the field/position you’re considering and compare it to the cost of the education. You can also go to community college to get your prerequisites out of the way to reduce the cost of your education. Make sure the credits at the community college will transfer to the universities you’re thinking of attending. There’s nothing that says you can’t get a part time job or intern with real estate professionals to gain experience and knowledge while completing your degree. Leverage your education to get a higher starting salary. Then leverage your salary to buy real estate. Your job is your partner in achieving your goals, not something that holds you back.