Hire a management company to take care of any properties you buy - but do extensive interviews first.

In addition, check out any restrictions on renting with the home owners association, which, if there is one, can have a say in any rental agreements.Plan on spending time and money advertising for and interviewing potential renters.

Heres an example: Mr & Mrs Jones during a listing interview with agent Cody tell the agent that they are 3 months behind on the mortgage payment.

I’m going to ask more questions then I’ll answer, but these are questions you’ll want to keep in mind when interviewing managers.

You don't need to micromanage, but I'd call and make sure things are going okay every week or so for a while to ensure things are on track, especially around time to pay rent.They posted a good post about finding & interviewing a PM on the Bigger Pockets blog HEREDid the tenant actually leave?

In an interview with Mike Litman, Jim Rohn related a story of a friend of his who is now very successful who once took a job as a night janitor in Chicago.

Go with a larger outfit, interview several and spend the time to get to know your manager... not the owner of the company but the actual manager.

Most professional property managers - those of us who have been in the biz for a LONG TIME - interview prospective client/owners as much as we interview the property itself.If a client/owner starts tellin me how to run their property, I give them the names of two of my "lesser" competitors to call and interview.

Each time, I've phone interviewed the agents first, but I'm batting about 10% on getting quality realtors.

I am currently interviewing for some jobs in real estate finance area and in as much as I am proficient in exel alot of the companies require proficiency/knowledge of argus and/or dyna.