I think a management company's greatest qualities are it's 1) customer service and 2) flexibility when offering services to landlords.

For some locations that would be great, others I would pass.Is it quality?

My question is, should I run the credit screen on the parent only and save the fee for the other two people?

Hi all,What formula do you use to screen a SFH to see if it is worth buying for rent purposes?

We prefer not to have pets but do a through screening of tenants and pets so hopefully avoid some of the excessive damages by getting good owners.

There are many smaller cities/towns in the maritimes where apartment buildings can be had "cheaply", but the local economies are tied to a dying industry, so the longterm prospects are for higher vacancy and a lower quality of tenant.

If having them in the house is important to you, you'll have to have a formal, written agreement and full application (for collection/screening, in case they default, etc.) before/at close.

Two things I am less confident about are: 1) the construction quality (is it a "cracker box", did the foreman let the guys cut corners to make a deadline or save a buck or simply because he was too busy) and 2) if the home in question turns out to inspect well, how how well the neighborhood is going to fare over time if it's less than 5 or 10 years old?

When you buy, buy a few high quality pieces of real estate.

This includes furniture rental, all set up and take down, and "professional quality interior design."