News Analysis: “Quality Management” of real estate investments is critical for passive investors. A strong ‘watch dog’ advocate can make certain no irregularities occur with a property purchase as well as its maintenance and management. Much of real estate is based on “The Greater Sucker Principle” [that property will be held until a buyer [unwitting “Sucker”] comes along who will pay a GREATER PRICE than the current purchaser did]. Historically, real estate fraud has been endemic throughout the world for many years. “Trust, But Verify” is absolutely essential for ALL aspects of any real estate transaction.
Reference: http://tinyurl.com/k6vwuxd