There will still be some involvement you will need in the deal.

This could involve a right of first refusal for the other party, buyout terms, and a method for determining the sale price.Rental and Use: Define the rules for renting out the property or parts of it, including how income and expenses will be divided.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It wasn't the messiest thing I've seen, but still required clean up on my end which the clients weren't happy about at all.The third client is a self employed hair dresser and she compained of poor communication, inability to understand what they wanted form her and complete confusion over their payroll directions.For the price paid, I'd say the results were mediocre at best.

This can also simplify cleaning schedules.

Uri Gofman, weren't you and Alexander "Alec" Vinokur from Realty Now all involved in an indictment for mortgage fraud?   

If it were me, I would get them out now so you can clean/renovate during the winter and get it on the market in early Spring.

@Manthan Patel Whether to use a property management company is truly a personal decision, so it comes down to you and how much you value your time, how much you want to be involved, etc.

I’ve looked at investments from the sidelines for a while and am ready to start actually getting involved.

Credit above 600, 3X the rent in income, no evictions, clean background check.4.