New Wealth Advisors Club: Scam Activity Abounds in Property Management

PHILADELPHIA, PA, October 29, 2012

For the savvy investor, real estate offers many opportunities. In fact, many investors flock to real estate because they see it as an alternative to the daily tumult of the stock market. According to a recent report from CNBC, however, these investment opportunities are mixed with many potential pitfalls--particularly for novice investors. The article notes that scam activity is abundant, particularly in the field of property management. This finding has won the attention of New Wealth Advisors Club, a community of real estate investors.

The CNBC report notes the story of Joshua Dorkin, who "caught the real estate bug" and invested in his first condominium units eight years ago. Dorkin enlisted the services of a property management company to help him curate his investment, but quickly found that he was not getting the kinds of services he really needed. Ultimately, Dorkin discovered that his property management company had defrauded many commercial real estate investors--a sadly common occurrence among real estate novices.

According to New Wealth Advisors Club, scam activity like this is abundant, with scammers preying on novice investors. The company has issued a new press statement, commenting on the CNBC report and noting that, if investors apply themselves to doing their due diligence and studying up on the companies they choose to ally themselves with, they can often avoid getting swindled or conned.

"Life is nothing more than a series of choices," muses David Boswell, the founder of New Wealth Advisors Club. "We all have had ups and downs in life. With respect to real estate, people often consider getting involved in real estate investing as a hobby, or 'on the side' to make a little extra money. This is dangerous. As the article says, things can get tough without a talented team of professionals to help manage properties and investments."

Boswell goes on to note that, at New Wealth Advisors Club, scam activity is taken very seriously, but the organization seeks to protect novice investors through empowerment and education. "At New Wealth Advisors Club, we always teach students to focus on their strengths and hire their weaknesses, or find a partner that can handle their weaknesses," he offers.

New Wealth Advisors Club is a community of like-minded investors, seeking to encourage and support one another through shared education and resources. New Wealth Advisors Club has a diverse membership that includes both novice and veteran investors.

ABOUT:

New Wealth Advisors Club is a group of like-minded real estate investors, devoted to the idea that anyone can find success in real estate. The organization seeks to empower real estate veterans and novices alike through education, support, community and other resources. The vision of New Wealth Advisors Club is to help people take charge of their lives and discover the opportunities that exist in real estate investment. The organization is also zealous for protecting novice investors from dishonesty; according to New Wealth Advisors Club, scam activity is abundant, but the informed investor can avoid being taken advantage of.

Website: http://newwealthadvisors.com