@Choice Crosby IIIEven if someone give you a referral, what meets their expectations, may not meet yours.In 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!

@Greg Schreffler I never allow lenders pull my credit until I select the one I’m going with.

If you are, then read on:Even if someone give you a referral, what meets their expectations, may not meet yours.In 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!

There is so much data to analyze when it comes to selecting a new market, but places with high growth, good landlord-tenant laws, lower taxes, and purchase price are all things to weigh and consider.

What are your deal-breakers when selecting someone to work with and why?

However, the property manager I had lined up and selected has not answered any calls, emails or texts, leaving me high and dry.

Your tenant can forward the person he or she feels is an ideal roommate, but don’t take this selection as much more than a personal reference.

So the question isn't "whats a target ROI" it should be, of the 2 options in your particular selected market where can you do better WITH a manager included in both scenarios.

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Now that you’ve chosen your ideal asset class, it’s time to move on to market selection.