In this episode Todd Dexheimer and John Stiles discuss the importance of good Asset Management. Typically when you syndicate a deal there is an asset management fee – but this shouldn’t be confused with profit or play money. This is the fee to cover the cost of actually managing the asset. Someone in the company needs to be the point of contact with the property manager. They should have regular and frequent conversations with the management team and make sure that the business plan is being implemented.
Connect with Pillars Of Wealth Creation on Facebook:
Subscribe to our email list at www.pillarsofwealthcreation.com
Subscribe to our YouTube channel:
John Stiles is a licensed MN real estate agent with Bridge Realty.
To learn more, check out John’s website: www.RealEstateStiles.com
You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww