“Again, the money was for ORES,” she answered, referring to her company.

Read our copy & paste advice below on better screening for a PMC.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

So for that, I would recommend getting a referral from someone trusted, someone without an agenda and someone who is not getting paid to refer you to the sponsor.

Thank you for the reference.

I assume state laws dictate and for reference if necessary, this is in Pennsylvania. 

If you don't hire a PM refer to a attorney.

This will allow you give a reference point on how much potential rent you can receive.

First of all I put my acceptance criteria clearly in the ad: minimum credit score (enter X amount, 620 is what I use),income 2-3x rent, good rental history, references, no evictions, acceptance dependent upon background check and employment verification, pet policy, desired lease term, etc. so that people will hopefully read that and not come to the open house if they know they won’t qualify.

I've been diving into real estate for a while now and always love meeting others who are navigating this crazy, but rewarding, journey.Looking forward to learning from everyone, swapping ideas, and hearing about different strategies you all are using.

This is what can go wrong when you have beginners wholesaling who have no training in real estate, no experienced managing broker to go to for advice, no license, no E&O insurance, no knowledge of how to avoid scams, no regulatory body to answer to, no relationships with other quality people in the industry like title companies, lenders, contractors that they can refer to help people, etc.