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Updated over 10 years ago,
Pick a location based on PM?
I own a couple of properties in California and am ready to invest out of state. I've looked into a few different cities that would satisfy what I am looking for. My problems/questions:
1. How do I honestly get a read on the areas? Are they crime riddled? I am happy to pay extra to be in a good area with steady rents.
2. How do I find a good PM? I found what looks to be a good company in Memphis (Enterprise Property Management) but they charge a lot of fees (9%, $250 escrow, $595 leasing fee, $99 advertising, $250 lease renewal). My current PM charges a flat $70/month.
3. Who can take pictures and give me an assessment of the home including pictures? Should I look for a good RE agent or pay the PM an hourly fee?
Everything else is ready to go, just need to find the property and PM.
Thanks!