Property Management CompnayTurn Over Expenses

[Brandon Pearsons]

Hello All, I'm interested in hearing any tips, suggestions & experiences from investors on how to lower their property management company's turn over expenses. It seems like PM fees can add up and reduce returns when you factor in 1 months placement expense rent to fill a vacancy plus the normal vacancy Also another good question is what keeps the Property management company from selecting a more flighty tenant vs a more stable situated tenant? (They don't make much on the monthly management fee as they would to fill the place yearly) Thanks

[Robert M.]

If you set the criteria for tenants, they must get tenants that meet the criteria.