Its a mistake too many have made.

Many out-of-state investors make big mistakes that cost them far more than a property manager would charge.

Connecting with experienced investors or joining local real estate groups can provide valuable insights and help you avoid costly mistakes.

E&O insurance isn’t mandated but is a standard practice in the industry to protect against mistakes or oversights.

You will gain experience with each project so don't let set backs discourage you but always try and learn from any mistakes.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Quote from @Agatha Simmons: Uffda.One of the biggest mistakes landlords make is failing to stand up to a problematic tenant.

Unfortunately, Covid decided to change my plans, and I made the decision to hold off, in hindsight it was a huge mistake and no one could have imagined that property values could have increased at such a high rate.

@Chantelle LewisRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

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