A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Appreciate the info, I now see I was misunderstanding the 1031 NSP purchase requirement.

Hi Anna, Unfortunately, this is a common misunderstanding by most CPAs and tax professionals. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Well-intentioned, but there’s some uninformed advice here and misunderstandings about what can and cannot be adjusted.

If they push back and insist it's a misunderstanding, give them a list of your problems and what they would have to do to prove the information is reliable, then give them one opportunity to apply with additional information. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

If we are misunderstanding what you are asking happy to continue to dialogue.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.