Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Build a team of professionals, prepare your finances, and carefully select a property near high-demand areas like hospitals or corporate hubs.

As the property manager, it concerns me that the software does not allow me to select message timing and verify content of communications that are sent directly to MY tenants.  

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!

To receive these grants, Amazon has committed to having an average annual wage of $150,000 starting in 2019, with a 1.5% increase annually, and also cannot count jobs over $875,691 toward this average, meaning they cannot skew the average higher by paying a select few employees massive salaries (Source).Rent GrowthApartment Rent Growth, Apartment Vacancy, DC Metro, (1/7/2025) Period Vacancy Rate Annual Rent Growth 2029 7.0% 2.8% 2028 7.0% 3.0% 2027 7.2% 3.3% 2026 7.2% 3.8% 2025 EST 7.3% 5.0% 2025 YTD 7.5% 2.7% 2024 7.5% 2.9% 2023 7.1% 3.0% 2022 7.0% 3.0% 2021 6.5% 7.8% 2020 8.5% -2.0% 2019 6.5% 2.2% 2018 6.4% 2.4% 2017 6.9% 1.6% 2016 6.8% 1.9% 2015 6.8% 2.8% Finally, we see from CoStar that the expected rent growth over the coming years is expected to be very positive due to all the factors discussed above.

I explain renters insurance during the tenant selection process.   

As for selective screening alone, even a property manager told me “even doctors sometimes stop paying”.

The 1031 exchange is very locked in on dates and properties you select so have a great agent who knows the 1031 exchange. 

.- That management company has vetted possible tenants through their professional screening process and have selected the most qualified tenant for the property.- The management company offers a hands-off approach including coordinating and managing repairs, getting the property rent ready after a move out and placing a tenant from a pool of applicants that may be waiting for a property to be ready.

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.