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!

I really like Granite Selection in Elk Grove.

In this response, I will outline the process of selecting an investment city based on financial goals.Financial independenceFinancial independence goes beyond reaching a specific dollar amount, like replicating your current income.

I do understand being selective on the type of buisness you take, but as an agent we still have a fiduciary duty to our clients to make sure they receive the level of service this price requires. 

Great local property managers are not plentiful, and of those, most are selective about the areas they work so you want to connect with one of them early and often.

I have a client that owns a few properties off Web Gin House and they stay rented to long term tenants due to the schools.I'd be very selective and conservative on your numbers going into Decatur / Smyrna / Marietta for a 3/2 LTR - lots of rentals in these areas and can be tough to lease up.

If you ultimately decide to proceed with an LLC or any entity for that matter (particularly an entity that is a deed holder), the name you select can have unintended consequences: The entity name matters for bank paperwork, claims that are brought, lien filings, deed recordings etc.

What is driving your market selection?  

I flip with cash, not loans, mainly because there are not enough deals out there that meet my highly selective acquisition criteria, so no need to pay interest on cash otherwise sitting in a money market account. 

Understanding the markets to avoid, what laws to watch out for and selecting the proper strategy that goes with property plays a huge part in this.