So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Then screen tenants based on that criteria.

Only after they have been screened and seen the property in person can they apply.

If the reno is done correctly, and screening is also done correctly, it can me a money maker.

There is a theme of a lack of due diligence, reserve capital, budgeting in general, tenant screening, location, inspections, leverage, property managers and just a variety of general amateur mistakes/learnings...

Quote from @Eric Harper: It already exists under BUILD YOUR TEAM at the top of your screen.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

These include: rent collection, inspections and maintenance*, resident screening, basically the "whole enchilada."

It's best practice to remove them, spruce the place up, and put in new tenants at market rate that have been screened and approved by you.

Why would you pay 10% gross to a management company, that is $260/mo, use zillow, they have the tenant screening and 80% of the leads come from zillow any ways.3.