We have a relationship with a couple that manages their own properties  and use us to only lease them.

They provide the money, you handle the acquisition, management, whatever else that comes up.

Should I discuss this with my managing broker before closing the transaction?

Are you doing your own property management long distance?

Through that, I learned skills and the flow of work sites and how to manage workers.

A Financial Management course 6.

hi Noe,Thanks for replying as of right now they have 16 units rented and they are gonna finish the renovation in a month or so what they tell me is they will have 85% of the units rented with in that time frame they dont have a management company in place and i would have to get one  taxes are 15k and insurance is 12k  that is all i have on the numbers at the moment.

There is nothing in there for property management which could run 10% of collected rents plus lease up fees.

The reason I sold was that I was self managing and moved too far away to conveniently manage it.I have continued with multis on the premise that more units under one roof, one structure to maintain, and one set of plowing produces a better return. 

Our goal is to increase our net worth, to help supplement retirement income down the road and to currently provide a stream of cash flow to enjoy some of the finer things in life.We both work full time in professional careers and have so far found a way to manage careers and the real estate business while keeping up with two kids (15 yrs & 20 Yrs old).