For them, the upside (rent growth and asset value) often outweighs the operational headaches tied to local regulations.Also, these larger firms often have the resources and legal teams to handle tenant issues that smaller investors might find challenging. 

It's very similar to what wall street firms are doing in large markets like Atlanta or Phoenix. 

Quote from @Jen Le: Try Kick Em Out Quick, evictions and collectionshttps://www.kickemoutquick.com/Los_Angeles_California_Tenant...

If in an LLC, you do not need to wait with some firms, especially for a rate and term. 

I firmly believe that the media/internet/powers that be are just spinning the crap out of this whole weather thing.

First thing I do is rip 'em out.

I've worked for several PM firms in the area and one company stole like 30k in commissions from me when I no longer wanted to work at their god awful company.I can definitely advise you on some property management companies to stay away from, as well as some new and upcoming property management companies in the area that are taking a more hands on and professional approach.  

To thrive in real estate investing, you must maintain a firm grip on your finances.

Having encountered bandwidth difficulty with our accounting firm and CPA, we replaced them with a national company with capacity to handle our ever-growing portfolio.

in the HML space there are plenty of larger firms that do things across the country.. but NO lender lends in all 50 states.