The argument that was posed was that they're just trying to say they want to buy the contract, but in reality, they're just tying up the contract so no one else buys, and so they can swoop on the property after the 30-days is up.

Perhaps that's what your spreadsheet tells you but its far from reality. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

@Deirdre Lizio see a lot of competiting PMCs start with a pledge of doing it better than "what's out there".Always interesting to revisit them 3-5 years later - after they've experienced the reality of challenging tenants AND owners.Look no further than Evernest: they started out with flat fee management at $99/month and promises of better & fairer service & pricing.Now they're at 10%, capped at $199/month - wonder what changed?

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Basically, what these guys did to some of our Real Wealth Network members allegedly is:- GEG showed RWN some of the properties they had renovated and leased out to prove their business model- They told our members via a webinar that they buy, renovate and sell rental properties below market value to investors with 8% cash flow- They said they offer non-recourse financing at 50% LTVIn reality, GEG sold properties that were not always renovated - even if the price point reflected a renovation.

It is just reality. 

Consider house hacking when rates and prices are a little more balanced with reality.

It is normally the real estate that attracts the nuisance tenants which leads some to resort to section 8 believing its a cure all which is the furthest from reality.  

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