Property Management Proposal
214 - 224 Sykes
North Little Rock, AR 72114

Jamie,

Based on our last conversation, I recall the 6 units renting at 550 each (hope I remembered that correctly). Here is what I was thinking on a management deal for these properties. Let me know you thoughts.

A proposed monthly management fee of $50 (which is our minimum) per property. This is basically like 9% (or 1% below what we normally charge) per property. We could start this month processing and we would give you this month free. If we were able to get the rent over $600 - only then would we go back to 10%. At that point, we would be starting to pay for ourselves.

Here are a couple of other options we could also bring to the table:

• If we can get the properties to $650, and are allowed to keep the difference between $650 and $550, we would incorporate our EVICTION INSURANCE. No cost to you for evictions if necessary - we pay filing fees, etc... This would in essence only be 15% to us - and still have you clearing the $550 you have been getting. Given the deadbeats out there, this could pay for itself quickly.

• Our maintenance team is very efficient and cost effective. I feel we will can improve your cost basis here as well, especially considering your travel, and your maintenance resources time away from more profitable work.

Looking forward to possibly working together soon!

Thanks again!
JD Rauls
501-271-8327