Without that existing network, I’d find out-of-state management much more challenging, and I generally wouldn’t advise OOS management for new investors who don’t have reliable local contacts.Currently, I’m in the process of transitioning my properties to a local property manager.

We gutted the interior down to the cinder blocks, re-designed the unit layout to fit a more modern lifestyle.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Hello, I live in a Columbus, OH suburb and want to buy an investment property in Cleveland, OH.I pay local taxes in the city that I work in, as well as the city in which I live.

If it's not included in the rent, many companies charge a flat fee to monitor & pay utilities.2) Assuming you're referring to resident benefit packages, renters insurance, and other charges for services the PMC offers to tenants. 

Hello, I own a plumbing company with 40 + employees and mostly work under contractors that do remodel, new construction and commercial work.

That could help you break even and get closer to buying another one!

Is it worth it to have my contracts drawn up, or at least reviewed by a Real Estate Attorney.

There is a reason that most states (including Connecticut) require property managers to be licensed, one of which is that they are required to have basic education on the rules and laws governing the practice.

Maybe look for a new PM.