Involve property manager before purchasing regarding due diligence... Take them look at rent income expenses.. Tax 2 building good relationship with property manager 3 don't only look at fee.. Try to look at value which we don't see 4 don't over negotiate for better attention offer and service 5 must include property manager For good team and raise performance level
Thanks for another awesome, informational video Ken and Lesley! Regarding the PM fees for managing the property, is there a way to approach talking about fees in order to determine what that specific dollar amount is so that both parties can remain profitable and still get the quality service? Lesley mentioned that if the PM is squeezed too much that the service received will most likely be worse because the company won't be profitable otherwise. Love that you all encourage having the PM look over the deal and perform due diligence on the numbers to verify if the deal is actually sound. You talked about PMs charging or not charging fees while checking if the potential deal is actually worthwhile. Let's say the deal doesn't move forwards, does the PM have to declare how much they will charge you if the deal doesn't go through before actually performing the due diligence? I wouldn't want to get stuck with fees for doing due diligence checks if you didn't know beforehand that you would get charged.
Great info. Now we have to get a PM before we finalize a deal.
Involve property manager before purchasing regarding due diligence... Take them look at rent income expenses.. Tax
2 building good relationship with property manager
3 don't only look at fee.. Try to look at value which we don't see
4 don't over negotiate for better attention offer and service
5 must include property manager
For good team and raise performance level
Perfect timing. Thank you both so much for your skills, knowledge and expertise!!!
Thanks for another awesome, informational video Ken and Lesley!
Regarding the PM fees for managing the property, is there a way to approach talking about fees in order to determine what that specific dollar amount is so that both parties can remain profitable and still get the quality service? Lesley mentioned that if the PM is squeezed too much that the service received will most likely be worse because the company won't be profitable otherwise.
Love that you all encourage having the PM look over the deal and perform due diligence on the numbers to verify if the deal is actually sound. You talked about PMs charging or not charging fees while checking if the potential deal is actually worthwhile. Let's say the deal doesn't move forwards, does the PM have to declare how much they will charge you if the deal doesn't go through before actually performing the due diligence? I wouldn't want to get stuck with fees for doing due diligence checks if you didn't know beforehand that you would get charged.
Good questions. It is good to know how much they will charge in case a deal does not go thru. Any updates?
Perfect timing thank you both so much for your skills, knowledge and expertise!!!
Thank you Ken and Lesley Brice , for another useful property management knowledge, skills and Wisdom .Regards South Africa
Awesome information Ken!!
Good info...keep up the good lessons
Excellent Resource!
Thanks for watching Todd! I appreciate it.
Amazing Video. Please keep posting such informativr videos. It really helps..Cheers.
Thanks for watching RKs, we have more videos planned.
@@KenMcElroy Thats really great. We are learning lot a things from your videos. Cheers..
Gold!!!
Awesome 🌹
Thanks 🤗
Weekly report means you need to pay extra