We are in the same boat regarding pics vs reality. 

Right after I closed on that one the insurance company demanded I make a couple thousand dollars of repairs.

They are an insurtech for small business insurance. 

The PM rate in every area is different, in my experience, some are low percentage and low quality and then there are some that have high percentage and low quality.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

@Corey Pinch if you're a go-getter, make sure you find a company, or negotiate, that you're directly rewarded for your hustle - commissions, bonuses, etc.

We're currently using it as a replacement to security deposits but I'm considering bringing back deposits since there are certain costs that Waivo doesn't cover.

Congrats on submitting that offer and perusing Senior living, either for you or your client.I have been involved in the purchasing process for several senior living facilities, and work closely with a few people who operate RCFE, sober living, and similar types of properties.From what I have learned, the most important thing to keep in mind when purchasing RCFE properties, is that you are also purchasing a business.

I see agents and wholesalers trying to sell properties that are supposedly wholesale, but they sell at retail after it's marked up so much.

It doesn't help that interest rates are relatively high compared to the last few years and seem to be going up with the new inflation news and such.