All Forum Posts by: Josh Benner

We started our own company after interviewing many PM companies. I asked very pointed questions about their operations and finances after we had a very bad experience with a PM company. The number one question I asked was when they pay the Owner Distribution out and if they required reserves. Most proudly told me they paid out on the 10th or 12th and never required reserves. That was a HUGE red flag and I immediately did a full stop. If they made it past that question, I then asked how many bank accounts they used and were their company funds mixed in with the operating funds. If they were, that was another full stop. I couldn't find a single one to pass even those two questions so we gave up and started our own company.