To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.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!

His wife talks all the time about how much she loved her old kitchen, which they paid out the nose to remodel in the years it was "their" house.In our case, my wife and I both really disliked our old house, so it wasn't too much of a struggle to move and rent it out.

The person who is doing our remodeling work doesn't accept our mode of money transfer(like zelle or bank to bank transfer) and requires checks.

@Tom Server if the seller is not the one listed in our current tax records, we normally require the documentation that they have the right to sell before we can list it.

I would send a letter to the tenants that the registration has been brought to our attention by a "concerned neighbor."

Happy to answer more questions about our experience if you have them!

Welcome to the site @Anthony Clayton!

The IRS has a “same taxpayer” requirement for tax tracking – if the same person or entity is exchanging, it’s easy.If not, we’ll have to bring in our structuring attorney to ensure the right steps are taken to maintain 1031 eligibility.

Most comps I'm seeing are not updated, from the Zillow ads, and ours is fully renovated.

If you are buying site unseen make sure to extensively use google maps and get a good idea of what the neighborhood looks like.