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Updated over 5 years ago,
PM also as deal finder?
I am currently building a team in a new city (Milwaukee) other than where I have invested in so far (Grand Rapids). I have been connecting with deal finders and property managers initially, naturally progressing to lenders and contractors next.
I have come across a property manager that I like, and this PM also is an agent. So far I have liked having a separate deal finder and property manager, so that I can have the opinion of multiple people before purchasing a deal.
In your experience, is it better to keep these roles separate? I like having input from multiple people (my agent and PM, possibly contractor), but I also like that the PM would get the commission from the sale, and possibly have more incentive to keep an eye out for off-market deals for me etc. The PM would also only point me to deals that he/she would feel comfortable managing (though this would presumably be taken care of by having the PM walk through any deal my agent sends me, which is what my current protocol is).
Interested in your thoughts! Thank you in advance for your responses.