A short YouTube tip (by Mark Simpson) advising property managers to use a management model to control renovation and running costs by charging costs back to property owners, and emphasizing that managers must educate themselves so they can answer owners' tough questions confidently—otherwise owners will lose trust in them and their investment.
Management model is an amazing way to control property renovation costs and all the running costs are effectively charged back to the client, the property owners. However, the property owner needs to have complete confidence in you that you are going to deliver for them. My thing is always about educate yourself about how to actually do it, because property owners aren't stupid. They're going to ask tough questions, and if you don't know the answer and being able to deliver those answers confidently, they're going to think you don't really know what you're doing and they're not going to trust you with their investment that cost them a lot of money.
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