420: Poor Underwriting And 3rd Party Property Management Can Cost Big Money

Consistently passing on deals requires unusual discipline. It’s too easy to rationalize they work when they really don’t. It’s this lack of discipline and lack of underwriting knowledge that’s currently costing a lot of operators and their investors a lot of money.   It also helps when sponsors manage properties in-house to avoid excess costs, slow and expensive unit turns, and ineffective leasing efforts.  Wyatt Simon, Founder and Principal of Full Circle Real Estate, steadfastly adheres to his underwriting standards and has built an in-house management team to make sure his properties are fully optimized to achieve projected returns.