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!

Your experience as an investor AND with realtor.com will be super valuable to the community.

I would say that markets do not go up indefinitely.The Great Financial Crisis and mortgage crisis was one that comes to mind quickly.Not many people saw that coming including myself.I learned how to do short sales during that period as well as foreclosure prevention.It forced me to learn new skills for a down market and like all crisis experiences you learn a lot about yourself and how to problem solve creatively.To Your Success! 

I work with a lot of househackers and they're typically on the 12 month cycle, rinse and repeat.While the proposition of acquiring an investment property outside of your market in a "landlord friendly" state may sound appealing, i would recommend you stay local for now and househack another couple of properties over the next few years until you've got some more time / experience under your belt.you would need a management company to cover your property that is outside of your market which would not only take 8-10% of your gross it would also leave you a bit vulnerable to a property management company that you A.)know nothing about and B.)you won't have the experience or cashflow or proximity to deal with any headaches that may arise.i would recommend staying local and househacking your way along for now and then maybe hire a local property management company initially to work with your current/local properties to get a taste of what to expect if and when you begin investing outside of your market.

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!

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!

Has anybody worked with VRM and Vendee programs within the last 6 months, what have been your experiences, good and bad? 

Hi Humberto,Within my 20 years of experience, I've seen how creating unique rental experiences can really set your property apart in the short and mid-term rental markets.

Any recommendations on attorneys that would have experience in this that could advise and handle the transaction (in Birmingham, AL)Thank you in advance for sharing your experience and wisdom. 

Is there any way possible I can get support from anyone on just the experience of it since I just want some monitoring just to make sure things go well.