Greetings!  (First post on a BP Forum!)I have a portfolio of properties (more than 20 units) that are being handled by a single property manager.  I get the owner's statement every month (from Buildium) that shows ren...

Software can't handle rent collection on late tenants, noise complaints, parking violations, unauthorized pets or people, maintenance coordination and supervision, inspections, and so much more.I don't advise anyone to invest in another state unless they have a solid PM lined up to handle the investment for them.  

Do you now how to market the property, screen applicants, enforce a contract, conduct inspections, coordinate and supervise maintenance, etc?

Its very complex with a lot of moving pieces and parts and best under the supervision of someone who has been there / done that. 

Know what a good one looks like, do your research, make smart choices, and supervise.4.

If you want to get around this simply require ALL credit reports be given to you for the purpose of supervision of your agent to prevent discrimination against protected classes under the Fair Housing Act.I would not pay any lawyer a dime if they could not prove this appropriate business purpose.Does the person that wrote the following sentence practice out of form book?"

As far as jumping straight into apartments, this is where I have actually seen several doctors who I know personally fail (they got taken advantage of by their partners because they didn't have the time to be involved and supervise, or the knowledge they needed to avoid being ripped off). 

Quote from @Andy Ramos: It is not illegal, but it is unreasonable.The leasing fee covers all the work associated with moving the old tenant out, supervising the turnover, marketing, screening applicants, getting them under contract, moving them in, etc.

The tenants would have to supervise the bunny closely if loose inside the house.  

It is also a good place to search for information about a lender to see if they are legitimate or bogus.However, because the site has no supervision and essentially no webmaster to moderate the forum, it has become a total free for all for the most unprofessional, trash talking people you can imagine.