@Peter FaulknerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Emily ShayIn 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!

It's a common mistake to think you can remind them enough times that they'll suddenly grow a conscience and pay you everything they owe and apologize.Start the eviction process.

Hey BP, I help a lot of new investors and Househackers get their first property and I see people running into similar mistakes.

I was listening today to one of the most authoritative STR podcasts of a few months ago and the Brazilian guest mentioned that his parents, still living in Brazil, were paying 11% interest a month on their mortgage (and it wasn't a mistake, he repeated it several times).

It's expensive but so are big mistakes.

There’s simply no room for mistakes that can be easily avoided.Did this article help you?

One of the biggest mistakes an investor can make when deciding to take the plunge and start spending money on Google Ads is targeting the WRONG keywords.It’s true that one way to use keyword targeting is through “broad” keyword types, which are usually less expensive and can capture various keywords you might not have considered in advance.

My wife and I have flipped several homes on the side and, I can tell you, we made most of our mistakes in the first 5-10 deals we did.

This is an expense you want today, that will save you a ton of time, money, mistakes, frustrations later.