Just want to drop the message here, anyone located in Dubai or distanced managing properties there?

Looking to connect with investors, agents and managers in the area.

@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.

And will you be utilizing property management firms to help out? 

We will certainly manage the drawdown from those funds to account for tax consequences as best we can.I appreciate the calls for diversification and I get that cash flow is a tougher to secure with interest rates where they are.

It’s when I realized that I need to get the lion’s share of my efforts, not pass them on to managers upon managers above me.

How much are you having to pay the management companies?

I liked Ron’s 20+ year asset/construction management and investment background.

Louis, MO real estate, ABODEbucks is a full-service STR-specific management company charging a flat $250/mo + $20/night booked.

I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.