Property Managers responsibility?

[Dennis Jayy]

Have you given though to the possibilities  and problems the PM might add to your investing?

How well do you  look over agreements and ect with  the Pm?

What if the property does not rent soon?

How are rents collected- and deposited ot otherwise.

How easy is it to get rid of the PM?

Does the Pm really have insurance to cover him and you adequately?

does he have a bond for malpractice?

Are inspections done and how often.? Do you get reports of it.

Do you get reports and how often.

Do you let the Pm have control of the account and writing privileges?

How are the bills paid?

What about repairs needed. 

Do you get copies of the credit  check and ect for renters.

How does he get paid?

Do you use their rental agreement or yours?

These are just a few of the many things that you should be addressing with your pm.  

Perhaps someone has a better list of things to discuss with PM.

Do investors really do diligence on the Pm as to their responsibilities and actions?