Question on selecting property manager

[Shriram Sharma]

Hi All,

We are close to making our first OOS rental property purchase and now we are looking for a good property manager around the area. We have shortlisted a few but it seems they're more inclined on doing a handshake deal instead of a formal written agreement. 

We are new to this so we really don't know how this is done. Is it normal to do a handshake deal with the property manager? 

Any help or suggestion would be appreciated. Thanks