You want to make sure you can handle the fix and flips you have going on and as part of the agreements I recommend having an extension in the loan agreement.

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!

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!

This should simplify your approach and help you avoid legal issues for failure to perform under the contract.

Are you simply assigning the current lease (1 year left) or are you writing an extension for a longer term beyond the one year in addition to the assignment?

If there were 3 day disclosure rules, you would just have to close 3 days later.But if the fees are a surprise, consider getting an extension and finding a new lender.

Now proper accounting is still important because bookkeeping is the first and best tax strategy for most people but there was a huge time difference in the services performed.

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!

If a property fails these benchmarks, it’s likely not worth the time to perform a deeper analysis.Risk Management: By adhering to these rules, I aim to minimize the risk of overpaying for properties or underestimating operational costs.

It would be interesting to do an analysis on the 10-20 year return pattern of cashing out a portion of your funds, pay the tax and invest in potentially better performing assets vs the REIT returns.