We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!

Rentrange uses data from large property management companies just like mine.

The key is making sure you have the right team in place—outside of market research, finding a trustworthy property management company is one of the most important factors in making long-distance investing successful.

I know the larger companies around here were charging up to 25% but it will probably vary no matter where you are at.  

Even the funding alone is easier since you now have a cash flowing property that can help you fund your seed money faster. 

@Noah Laker Will you be running the house or leasing it to a company.

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.

However, the average lifespan of companies is 10 to 18 years, so every private-sector job your tenants have will eventually disappear.

I point them to the local watersports rental company that drops boats and ski's right at the local marina.

Cash flow is definitely the biggest challenge; both in terms of finding properties to buy that cash flow with a loan on them and just company wide given interest rates and labor/material is up and, at least where I'm at in Jackson County, MO, taxes are way up too.