House of Horrors

46. (Not So) Turn Key Real Estate Investing with Property Manager Mike Bonadies

February 28, 2022 Bonnie Galam Season 2 Episode 2
House of Horrors
46. (Not So) Turn Key Real Estate Investing with Property Manager Mike Bonadies
Show Notes

Turn key real estate investing is sold as a foolproof (albeit less profitable) form of real estate investing. You get the property, rehab, and property management all in one swoop. But what happens when the all-in-one Seller, contractor, and manager are corrupt? Tune into this week's house of horrors to find out as Bonnie chats with C/D class property manager Mike Bonadies about an investor who got seriously burned by their a turn-key provider.

This week you'll learn:
1. The risks of putting too much faith into turn-key rental companies
2. Why there is an inherent conflict of interest between you and your property manager
3. Why title insurance is an absolute necessity even if you’re purchasing in cash

DISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney 

© 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC

© 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC