It can be a fruitful relationship, as if you have investor clients looking for a trusted property manager, we will pay your a referral fee for sending them our way. 

Do you get value out of business and client connections and referrals?

Sometimes even with referrals and trying to vet an operator they still fall flat when it comes to execution.

So, if a “typical” transaction would require 20% down payment to go along with an 80% institutional loan, then if I brought in a couple of investors who funded 10% each and I as “sponsor” received a 33% ownership interest as “promote”, I would have used OPM for that 20% down payment. 

If you wouldn't leave pot or cocaine out, you shouldn't leave alcohol in a unit.You technically aren't responsible for what they do, but don't promote it.

If you need a referral to a good PA in NY, shoot me a message and I'll send you a couple.

I also ask for referrals from other tradesmen I have doing a project.  

Referrals are obviously the best route, but that is not always possible.

There's a chance they will say no (because they showed you 6 properties and expect to be paid) in which case perhaps you can arrange for their managing broker to set you up with a different agent in the same brokerage and give the first agent a referral fee for their efforts/ for referring you.  

Thanks for the referral to Miller.