Perform a background and credit check, and definitely verify their references. hope this helps!

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

For flips they will perform inspections as well to support oversight of your project.

I performed as the Agent, Buyer, and Interior Designer.

Hello Prachi,If you message me the address of the property you are looking to acquire I would be happy to perform a market rent analysis for you.

My numbers say all day that this property is worth less than $1.2M as performing.

Deborah Cavallaro I don't think those developers that you are talking about does have their "own" crew, and if they do, to tell you the truth, unless they are owner builder or have a GC license, it is not really legal, you can sell all the 1099s you want but you still have to have a GC license to perform construction.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I would reach out to a local property management company and have them put together an ROI calc on how the property could perform, this should be easy for them to do for you (then you can analyze and decide if you truly want to go STR route or sell).  

However, buyer threatened to sue due to non-performance.