To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Very selective though on who we work with and we only work in Markets we know and like..

For example, a self-directed IRA custodian, and who you select can depend on what you want to invest in and how much money you have.

Select the better candidate.

Choosing a style for your property has a lot to do with opinion, but there also is an art and science to it.

Hi Christine, for a successful out-of-state investment, carefully research and select safe, high-demand neighborhoods in Memphis or Columbus, consider the potential benefits of duplexes for better cash flow, and engage a reliable property management company to handle local operations efficiently.

Check out this link and select "demand snapshot")That said, we've since the market cool slightly the last month.

In short, I'll never do it again unless the relationship began as a business relationship that later evolved into a friendship and even then I'd be very selective.

We're advising clients to consider selecting a lower prepayment penalty to refinance if rates decline in the next few years.

This way, you can still have a personal touch in your selection but ensure that your decisions are based on measurable factors rather than subjective preferences.