How to vet a property manager

[Steve Barounis]

Hey guys newbie here trying to gather as much info as possible for future investing. So my question is how do you vet out a property manager for a rental property? How do you decipher if they’re a good property manager and how do you know if they’ll scam you. My uncle has some rental property in Orlando, Florida and he was telling me so real horror stories. From the pool running low on water for over a week, to them renting his property and keeping the money for themselves and about everything in between. Also not an isolated incident, he was telling me that he went through 7 different companies before deciding to just manage it himself from a distance and just visiting Florida(from New York) here and there to check in.

[Oren Pfeffermann]

@Steve Barounis  

My current area for investment property is Oklahoma City.  I chose that area because of similar reasons, as I live in California.  One of my best friends lives out there, so he or his wife can check on my properties if there are questions.  I have a great PM, so I haven't had to ask them for too much help.

On another note, if you are interested, I am working on a potential deal out there with another investor. It's 1.25M for an apartment building and 4 homes. Potential rental income is about 13K. It's a package deal in an area that is doing really well. If it comes to fruition, I can give you more details as it unfolds if you are interested. There is potential that the other investor will manage the property. Could end up as a BRRR or buy and hold.