In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

They did not even give you a chance to remediate the issue.Check your local laws to confirm this complies.

I personally require people with an ES animal to go to a screening site where they confirm the legitimacy of any letter or documentation.

Super curious since I am not too familiar with the area and want to confirm numbers to calculate some of your actual returns.PP- 36kRehab- 11k + Unforseen- ?

Tampa is land locked by water on 3 sides, demand will continue to surpass supply.Little but about me, I have personally owned, designed, renovated 16 homes in Tampa in the last 3 years.

You are better off hiring the contractor, paying the fee and keeping 100% of the profits on your flips.On the other hand, if the contractor brings to the table not only the funds for the rehab but also for the purchase as well as handles all management of the rehab and the design, then perhaps an equity split is appropriate financially for you.Your next post states the contractor is your brother so with that said, things change as family is family, but the financially principle I stated above is still in play. 

I am a Property Assessor in Edmonton Alberta and am completing my (AMAA) Professional Designation .

Personally I would talk to the tenant to confirm that they know their move out date and not rely on the PM to handle this communication for me.

I'm just also confirming - do you live in the complex you owe $717k on or the 'newer' one? 

Answers:1 - I use the software I designed myself.2 - There are no deposits in a LO.