Hiring a Property Manager?

[Justin Ashley]

Generally I'm a flipper and have stayed productive during these awful economic times. Over the year I have really been considering purchasing 3 - 5 rental properties to generate a monthly return. With my time tied up in rehabbing properties hiring a property management company might be my best option. I would be involved with my rentals but think it might be best to have a experienced team handle that area of my business. Does anyone here use a property management company to oversee their investments? What's the going rate for residential rental properties? What are some things I should keep an eye out for?