If you feel like you’re managing your property manager, it’s a strong sign that the manager may not be the right fit.

Try interviewing at least three managers.1.

Being able to be on site and able to commute 20-30 hours a week on the project is crucial for me 

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

Getting a rental license as an out-of-state investor is doable, but you’ll need to manage inspections and compliance.

I am also a project manager and a architectural designer for a real estate developer in NYC. 

In the process of analyzing deals, I reached out a property manager for his fees.

SwissPMG can assist you in your property search, underwrite, acquisition, rehab and property management here in Columbus, OH.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

I’ve done a couple of fix-and-flip projects in the past using a hard money lender (HML), which has its pros and cons.I’m currently looking at a couple more properties and trying to decide if I should go with an HML again or explore other financing options.