# Eyal Gil-Ad - Property Management Companies and the Impact of the Dollar Exchange Rate on Real Estate Investments in Israel…
Eyal Gil-Ad - Property Management Companies and the Impact of the Dollar Exchange Rate on Real Estate Investments in the United States - Post 2
# Initiated weekEyal Gil-Ad
Before that a few words about real estate in America. It is very much dependent on the laws of the country in which it is located and therefore the question is not what is an asset management company in America ?, but what is an asset management company in the country ……. Each country has its own regulation. True, there is a lot in common but each country has its own emphases that can greatly influence your decisions and profits.
Property Management Companies:
During the week, I will talk exclusively about the state of Oregon. Always, but always !, consult with professionals in the destination country and do not rely on general advice in the various forums, these tips can cause you harm. $ 300 consulting a state attorney can prevent a loss of thousands of dollars. And all that is stated in this post and all the other posts does not constitute legal or business or real estate advice and each case must be examined on its own merits and circumstances by a competent state body. And also this post does not fully exhaust the subject unfortunately.
What is a management company?
A for-profit business entity that manages real estate for another. That is, he wants to make a profit, there is nothing to do, and I do not have to use a management company if I manage my own assets. Limit: Up to 4 units, above that a qualified management company must be used.
Important highlights and recommendations:
Happy holiday.
1. Make sure that you can get rid of them at any moment, that is, as soon as you want to get rid of them, within a certain period of time the relationship is over and you can insert another.
2. Make sure that all their service is priced including locating and examining tenants, evacuating tenants, renovations and repairs and maintenance. Know that according to the best of the capitalist tradition, anything that is not included will cost a lot.
Quotations for repairs and renovations. My experience shows that in America the price range for everything is huge !!!. For example. A roof cleaner I was dealing with recently, the bids were between $ 3 and $ 250 for the exact same job. Therefore, make sure that you get several quotes for the same job and make sure that the management company informs you if it has an economic interest in the job in question. In Oregon, such non-reporting by the company can result in a transfer of discipline to the company.
4. Receipt of reports from the company. In Oregon the company should send you a monthly financial report. Make sure you get regular reports all the time and know what the situation is. Do not be ashamed to ask.
The management company wants and needs to make a profit. Make sure you get all the reasonable services you need to get and manage them. In an organization state there is a strict regulation on the management companies and every company is supervised by the state and for every customer loyalty account, the state has permission to peek at it and it does so. Make sure that your destination country also has strict regulation, the purpose of which is to help you.
5. I have seen in other countries all kinds of inventions by companies that bind the customers who do not understand through all kinds of draconian clauses. Consult a professional if you encounter this. The principle: tell them bye bye at any moment, and it won't cost you. Or it will cost less if, for example, they invested in a luxurious office in your multi and it is clear that leaving will cause them damage.
In conclusion:
If there are more questions possible here, possible in private.
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#Experent Entrepreneur Eyal Gil-Ad # Post 2 A few words before about real estate in America. It very much depends on the laws of the country in which it is located so the question is not what is an asset management company in America ?, but…
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