I think it’s a more recent consideration (maybe in the past decade or so based on my digging / anecdotal feedback) and perhaps some of you that have been in the business longer and simply renewing old policies may be getting a pass.  

A $12k commission may actualy break down to less than minimum wage with brokerage commission splits, taxes, insurance and all expenses factored in.That's why agents are careful to make sure they are going to be paid for their work, if they want to stay in the business.

U guys earn every dime you get and when I read about Jorge ( cant remember the company) but knew the bizz model.

As for valuing the property, keep in mind that the properties are valued based on NOI, just like any business. 

In 2015, my sister had a business which was essentially her livelihood.

For example, for a business owner; they have no practical way to 1031 exchange.

I'd prefer a small business.

Now of course there are still deals to be had out there, I am not saying that, but its a lot harder to find those deals today than five years ago when everything was a deal due to low interest rates.We are always buying but this is my business, so we have a team etc. to manage it.

JackieIs there any way they can go and visit the current PM and also meet the new PM, or even ask the new PM to go by the office of the current PM to see if they can see if they are still in business?

Post construction appraisals for this model are coming back at $377k.