Landlords 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.This also leads them to ASSUME simpler is better when it comes to management contracts.

But we don't want to be mistaken on our understanding or create the incorrect entity to get the benefits that we want.

@Kelly Farmer  As a sign of good faith I would be willing to pay your $800 water bill that was mistakenly put into your tenants name by the City (not my team), in addition to that we will recoup you $800 for the mold that the inspector discovered in the basement of your 99yr old property. 

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!

My plan is to move funds in Roth IRA and buy RE so all income/profits will be tax free (if I am not mistaken). 

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!

(It is overpriced and the Seller mistakenly believes an owner occupant will be willing to pay a premium price for it).

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!

I checked and I was mistaken.

If I'm not mistaken we closed on that one in like 5 days.