Single-family management companies are seeing interest from buyers.

A couple of years ago there was an excellent long article on BP about all the things to look for and ask when interviewing property managers. 

As someone who manages over 1,200 properties, I can tell you that proper screening is where professional property managers (PMs) really shine.Here’s why working with a professional PM is worth it:Screening Expertise:Fraud in tenant applications is more common than many realize.

Originally posted by Alison Robinson:Hello all,I am in immediate need of a Commercial/Residential Property Management Company representing owner-landlords on the South side of Chicago.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

We add up the scores and get a total score that reflects the level of risk the applicant presents.

Try interviewing at least three managers.1.

Ive been using the same for many years now and its my foundation for operations, follow-up, workflow management and communications. 

Our manager’s credit score requirement is 550, but even that has been hard to satisfy.

If you are unsure, to start, hire a property manager and don't let the tenants know you are the owner.