Quote from @Drew Sygit: @Bryan Escudero congrats, but hard to comment on how well you did without more numbers.Also, When partnering with anyone, but especially family & friends, you want everything in writing.

ThanksQuote from @Drew Sygit: @Arlyn MorganIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING. our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Quote from @Drew Sygit: @Billy Daniel it's not for those who can't deal with stress. 

Quote from @Drew Sygit: @Kate Jones proactive property monitoring is one thing a DIY landlord can do more often than a Property Management Company.No owner wants to pay us to check on their property more than once/year.But, realistically, once a year is fine 95+% of the time.What happens when you have a month to month lease or a 6 month lease?

Thanks Drew.

@Drew Sygit thank you very much for your response and the perspective of the PM on this situation. 

Quote from @Drew Sygit: @Michael Riba we've done MANY temp insurance placements and never had a problem with a tenant staying without paying and needing to be evicted.They all want to move back to their original homes!

Quote from @Drew Sygit: @Ekaterina Shakhova While everything stated above is true, it's highly probable that a judge would force an owner to refund the security deposit to the tenant and tell the owner they need to pursue the PMC they hired as their agent, to recover the funds.There was a company in the Detroit area that went out of business a few years ago named Castle Property Management.

Quote from @Drew Sygit: Join local Meetups thanks Drew.

Drew, thank you.