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Unavailable#581 - Protecting Yourself From Property Management Implosions
Currently unavailable

#581 - Protecting Yourself From Property Management Implosions

FromReal Wealth Show: Real Estate Investing Podcast


Currently unavailable

#581 - Protecting Yourself From Property Management Implosions

FromReal Wealth Show: Real Estate Investing Podcast

ratings:
Length:
24 minutes
Released:
Aug 12, 2017
Format:
Podcast episode

Description

What happens when a property management company implodes?  Sadly, I've seen this many times in my real estate investing career. How can buy & hold real estate investors protect themselves from companies that go from good to bad, seemingly overnight? Mack Industries, a turnkey real estate company out of Chicago, filed for a Chapter 11 reorganization on March 24th of this year. But now it appears there will be no reorganization, but instead, a total shut down. This news shocked the industry, as Mack had been a leader in the business, providing thousands of "turnkey" rental homes to institutional and individual investors. What happened? Well, that is still under investigation. Our guest today is a turnkey provider from Chicago as well, and has been instrumental in helping investors get stabilized after the meltdown of Mack Industries. He can give us his perspective on what went wrong, and how more investors could have been prepared for the fall out. He'll share warnings signs and the things you should be expecting from your property manager. And most importantly, if something seems wrong or smells fishy - it probably is. Check it out. For more information, visit our website at: RealWealthShow.com   #581 - Protecting Yourself From Property Management Implosions
Released:
Aug 12, 2017
Format:
Podcast episode

Titles in the series (100)

Smart real estate investing will give you the time and the money to live life on your own terms! We call that real wealth. Host Kathy Fettke is Co-CEO of Real Wealth Network and author of the best selling “Retire Rich with Rentals.” She launched this podcast in 2003 to share her own secrets and those of top experts in the real estate investing field. She along with guests like Robert Kiyosaki, Loral Langemeier, Peter Schiff, Doug Duncan, John Burns, Bruce Norris and other rising real estate stars offer insights on the creation of passive income through real estate, and how to avoid costly mistakes. Learn how to build a portfolio outside the stock market with buy-and-hold strategies, single-family rentals, multi-family properties, syndicated deals, self-directed IRAs and 401ks, the highly-revered 1031 exchange, private money lending, creative financing, and much more!