A note on Real Property Management. They managed my property for 2 years, and I would not recommend them at all. I moved out of state, and so did a similar search in 2011. Chose RPM because they seemed reasonable (10%) and friendly. However, my experience with them since then went downhill. When there was a major plumbing issue at the property RPM was so unresponsive and unhelpful I ended up dealing with contractors myself out of state to resolve the issue. I am sure the tenants were also fed up. From that point on my trust in them was low. I found out later that they were marking up repair costs by 20% which I did get returned when the contract ended, but the only reason why I even found out about this was I got a copy of the original contractor receipts (which they refused to provide me with) at the end of the contract and discovered that all of the bills I paid were higher than what was charged.
I also requested to customise the lease and add in some addendums which are not covered in RPM's lease. They refused.
I bided my time until the end of the contract in the second year, and cancelled it. Since then (Jan this year), I have been managing this property from CO. Luckily (I had no say on tenants) the tenants I have are great, and been on time with payments, and sending pictures when repairs have needed to be done. With modern technology, emails, scanning and telephone calls I have handled from a distance two repairs, and re-signing of the lease.
You just might want to consider managing the property yourself if you possibly can. I hated having no control over my property, and I have a hard time trusting a company to handle things that matter so much to my income!! If you want further advice, PM me!
