what does your property management company do for you?

[Jason Schmidt]

part of the appeal for going into real estate investing / landlording is to create passive income. to make enough in order to make it matter, i will need to possibly have 20 properties at some point. It seems to me as though I would be back at square one though, having to "manage" all the property. My thought is to get a property management company, in hopes of having to do ... well ... as close to nothing as possible :)

what can/should i expect from a property management company? I am thinking about possibly 75k homes.

[Peter Giardini]

I would add one more question to Benolyn's list...

What guarantee will the PM give for tenants they place? For instance if the PM charges one months rent for placing a tenant and that tenant is evicted or quits the lease within a certain period of time will the PM find a new tenant without cost to you as the owner.

The last thing you want is for a PM to be churning tenants.