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!

They are singularly focused to avoid the pain. 

Most investors are happy to share their mistakes to try and help you avoid doing the same thing. 

Starting with multi-family rentals and house flipping is a smart approach, and taking the time to learn is a wise move to avoid costly pitfalls.

Or should I just have them install another meter for the third floor to avoid any potential issues going forward. 

I agree that for more significant renovations, hiring contractors that are experienced can help make timelines more predictable and avoid unnecessary delays. 

Here’s how:Efficiencies Through Scale: By owning and managing a portfolio of properties, we can control operating costs and avoid the rapid rent hikes caused by liquidation or speculative investors.Economic Stability: Affordable housing becomes viable when tenants have steady incomes.

@Jefferey EutsayIs there a specific aspect of this deal that you are hoping to get advice on?

From Atty Tristan Pettit about the Koble case: "if a landlord has a void rental agreement (i.e., the rental agreement contains one of the “10 Deadly Sins” as set forth in Wis.

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