Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

The real issue is how is the investment performing compared to projections.  

A client of mine owns a couple of PadSplit properties in Marietta, which are performing exceptionally well!

I have many properties and very happy with performance.

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!

[Past performance is no guarantee for future results, but if you liked this post, don't forget to vote]

Just scan all the listings to get an idea of performance.

Unfortunately 2023 for me is going to be a 'treading water' kind of year as I don't know how these flips will perform in the current market.Good news is I have very low leverage on the deals, and if the houses don't sell my backup plan is to convert to either short term or long term rentals.

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, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

In the future, a) get a super detailed Scope Of Work and ironclad Contract. b) Do not pay more money as a progress payment than the amount of work that has been performed, that way you are never ahead of the Contr or vice versa.Your options (depending on how much he owes you) are Small Claims Court, the State Registrar of Contrs, and possibly the local DAs office or State AG if the amount is higher ($50k ish)Good luck, let us know what happens.