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.

People misunderstand this all the time. 

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.

There is apparently, a lot of misunderstanding as to what is meant by “hard money”.

If they say no, we ask why, and occasionally, we can sway them if there had been a misunderstanding—for example, a lingering maintenance issue that hasn’t been addressed and they didn’t bother to call about.We don’t have time for a deep dive on lease renewals, but it’s definitely worth picking up a copy of Jeffrey Taylor’s The Landlord’s Survival Guide, which has all sorts of tips on getting tenants to renew.

Not sure if I'm misunderstanding the situation. 

I wouldn’t even blink when I called the tenant and said let’s forget about this little misunderstanding. 

@Daniel Vroman Rusteen I think there's just a general misunderstanding of the value an agent or local expert brings to the deal that you either do not wish to see or simply don't find value in it. 

I'm extremely skeptical about it because even though I've researched and read and watched other people talk about it, I don't understand it 100%.My greatest misunderstanding is this: what are we trying to use BTC for?