I view a property management company as an outsourced employee, which means I should be managing them to my expectations.

In this episode it talks about rental arbitraging many units in apartments and then being awarded government contracts where you house a large amount of government employees  and the government pays you well over market rent.

I want to branch off from being an employee to starting my own portfolio of residential managed properties.

If anyone is in NJ or a similar real estate market, I'd love to hear what criteria you are using to evaluate your deals.

Your desired unit count might narrow your search enough to evaluate everything coming your way.

Hello all, I am in the very beginning stages of setting up a property management company (just me- no other employees). 

For example, they send mediocre contractors, who sometimes don't even show up, and if they do, they don't seem to competently evaluate the problem.Any advice would be appreciated. 

Evaluate each deal/property on its own. 

Contractor's painters are employees with 10-20 yrs tenure with company.   

We've been in the property management game for over 11 years, managing over 1,300 properties with a fantastic team of 40 employees.