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Updated over 6 years ago on . Most recent reply
Property Management Company taking part of a deal?
I've heard this concept mentioned a couple of times now about a Property Management Company taking a small piece of a deal that they manage for the owner so that they have "skin in the game." Is this sort of thing common? As a PM myself, it's sort of intriguing. Thanks in advance!
Most Popular Reply
Wow, thanks for all of the feedback so quickly! I'm currently listening to the BP Podcast #203 and it was mentioned here, and I can't remember where I've heard it before - might be Kevin Bupp's podcast.
I just thought it was pretty innovative. I'm absolutely of the belief that the PM's compensation should be tied to the performance of the property regardless of any ownership interests.