The Cost of Delegated Management in Real Estate Wealth
Owning a property without the ability to manage it creates a financial risk where the asset's value is determined by a third-party broker's performance. David Walentas, co-founder of Two Trees Management, learned this after purchasing a property that was subsequently mismanaged by a broker. The loss of control over the asset's operations led to Walentas to conclude that if he could not manage a property, he should not own it.
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