Unfortunately, most PMC contracts are pretty vague making it a challenge to get useful information.3) A mix of the two aboveSome PMCs have internal handyman type ServiceTechs for small jobs that they bill hourly for, but get bids for any job requiring a licensed contractor.An owner should understand what type(s) of the above that their PMC uses and discuss as necessary to better understand.THE CHALLENGES OF GETTING 3 BIDSWe wanted to touch on this topic because it seems to be a pain point between PMCs and owners.In theory, it's easy to get multiple bids - you just search online for companies and contact them to get a bid. 

Hip replacement is painful.

Dealing with warranty service is a pain in any situation but when you also have to deal with a tenant on top its even worse.

Simple does NOT mean "easy" or pain free. 

How much of a pain will it be to manage tenants?

And the fact that it's a pain in the butt is what makes sifting through all that garbage so profitable. 

Susan - I feel your pain!

I did a loan assumption that is currently a GIANT pain in the ***.

At that time, i will have the knowledge and network to expand and build my portfolio at an increasing speed and then it will be part of my growing pains for my business.I will most likely have that CPA do my returns for the real estate and then have my Tax Accountant still do my Personal, helps with Checks and Balance and cost savings.Do you have cost segregation, or anything like that on any of your properties?  

I missed a lot of flaws in that house and I had some painful years as a result.