They often pay themselves various fees, such as asset management fees and acquisition fees.

I do that by upgrading the property, making it a more desirable place, which often allows me to get higher rents too. 

Here is a list of what adding ADUs in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

However, there is also a very fine line for this as the PM can only do this so much and so often because our margins are not ridiculous and since we aren't the owner we don't get any upside appreciation when money is being spent to potentially fix things and make the unit better, rent for higher and/or be worth more.

However, often it's simply miscommunication.Policies on initial consultations vary widely, and mine have changed more than once over time.

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!

They often chose worse than you even thought.I just got good at flinching during the initial walk-through but you took it to another level! 

Every so often one of the older homes in the old city center will come up, and those are always worth a look, but it is pretty rare.Celina also very nice place to live, but probably tougher for investors. 

I see this often. 

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!