All Forum Posts by: William Fields

There are external forces that will affect this market, though. I've noticed that car lending is ridiculously high in the subprime market so that bubble is going to pop soon. when it does, I think there will be an affect on the RE market. It won't be as bad as 07, but there will be reverberating effects.

I have been watching this since they claimed we were through the first recession. I was under 20 at the time and saw the potential in real estate then. I couldn't get financing on the deals I was finding. I've been bidding my time waiting for the next burst. hopefully it doesn't come for about two more years. I want to be totally prepared this time.

I own a couple houses and love real estate. I figure the best way to work in real estate full time while I'm building my portfolio would be to start a property management company. I have been lining up potential clients with the intention of launching this year. I took a part time job as a maintenence man at a company that owns about 60 units in my town and a few hundred around the country. 

The only problem I have is trying to find all the responsibilities of the management company vs property owner. What does the fee pay for versus what do I need to charge the property owner for. Any advice would be great. Thanks guys