Advice on building my real estate dream team!

[Aramazt Tanashian]

Hi there, my name is Aram, I'm a financial advisor and a newbie real estate investor! I'm currently moving my investing activity to a different area and working on building my power team in that area. 

I've come across this real estate "consulting" company. Initially I had thought that this company only does property management, but as it turns out they help the investor from A to Z, when it comes to finding appropriate agents, lenders, contractors, handymen, managing rehabs, management, providing advice on the best investment strategy, etc. 

I've interviewed the owner of the company and he is a real estate investor himself and clearly knows what he's doing. 

From an initial impression, this makes the process of long-term investing much more convenient, and the only fee (apart from regular agent/lender commissions) is the property management fee!

My struggle is the prospect of potentially giving up control, having the choices of team memebrs made by this company for example.

Obviously, at the point where I see the potential members of the team to not be suitable anymore, I can definitely look for others, but i'm still finding it to be uncomfortable.

What do you guys think of potentially partnering with this type of company, and what would you do if you were in my shoes?

Thanks!

Aram

[Drew Sygit]

@Aramazt Tanashian so, we're still not on the same page!

Your statement, 

"For the management of the renovations, I've come to realize that this is a service provided by many property management companies regularly, included with the regular management charge, so nothing very special there."

Is what Nathan and I have issues with.

Neither of us handle renovations as part of our regular management fee - and I don't know of any PMC that does. 

IT IS AN EXTRA CHARGE. 

If they are NOT disclosing it, they are hiding it!

You are being VERY NAIVE if you seriously think someone is going to manage a $10k+ project and spend HOURS chasing contractors, checking on permits, verifying work is done properly before payment and trying to keep everyone on schedule - for no additional charge.

Best of luck, just don't blame anyone but yourself when you find out the truth the hard way.