Time to find a new PM

[Andy Chen]

Dear BP,
     I inherited a PM when I bought my turnkey rental last year. Since the beginning, there was not any conversation or update initiated by the PM and I always had to track him down after I noticed an issue. My tenant had missed payments for a couple of months and I had to find out myself when there was no payment sent to my bank. Long story short, I am really not confident about my PM and would like to know what happens if I want to hire a new PM in the middle of the contract and/or in the process of evicting my tenant. This being my 2nd long-distance rental and I had totally no idea how to approach it. Your feedback and advice are greatly appreciated.   
    

Thank you for taking the time reading my post.   

Andy

[Michael P.]

You don't have the temperament for out of state C class investing my dude. Do yourself a favor and shoot for lower returns in the A or B+ class. Check out Oklahoma City you can get a new construction A class for under 175k. That will be something your daughters can actually enjoy instead of a run down meth lab by the time they inherit it.