The Nick Huber Show Ep 108: Management fees and why building a sustainable management company is important
Jul 24, 2023
The speaker discusses challenges in real estate management and provides a method for analyzing self-storage facility value. The chapter also includes an ad for cost segregation studies. They emphasize the importance of location and management fees for storage facility performance, sharing a success story. Having a profitable management company in real estate is highlighted, along with risks of relying on other income streams. The chapter advises against partnering with sponsors who have failing management companies. Responsibilities and costs of property management are emphasized, along with the importance of proper underwriting and a reliable management team.
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