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The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

This is a common question among real estate owners.Let's dive in:The reality is that wealthy families often pass on real estate assets from generation to generation.For example, if one generation has an RE entrepreneur who amasses $50 million worth of real estate, that portfolio can generate enough cash flow to support multiple future generations comfortably when passed on.So, what happens if that initial investor built their empire by rapidly depreciating assets and using 1031 exchanges to lower the basis and defer taxes along the way?

It's pitched as easy, guaranteed money on low-entry properties.The reality, of course, is that's too good to be true.

That's great if you got a home run deal, but the reality for your first one is to try and live for free, and then get better for HH #2, and then incrementally better for HH#3, as you progress in your investing career, you will be able to recognize those great deals, but it is much harder in the beginning since you have a huge learning curve. 

Just do not sink so much of your liquid reserves into a property use the banks money!

As an example I just checked AirDNA’s data against one of my rentals this week and occupancy and ADR was way off from the reality on the ground that most others I know are seeing in 2023.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I rationalize by saying ''welp not the right kind of tenant'' but in reality if I get 50-75 dms only half that fill out the google form.