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.

It can be challenging to deal with contractors and hold them to cost, schedule, and performance.

Third post today!  Sorry, I am new at this and appreciate any insight someone can provide...
1) Do you normally do a credit check on potential tenants?
2) How do you do this; what is process to do the credit check??...

Hi BPersI am venturing to buy from wholesalers.My goal is to BRRRR.My question -How do I perform due diligence - what are the catches, pitfalls I need to keep an eye on?

DSCR lending focuses solely on the performance of the property.

@Khyati ZalaThe further out from NYC you go, the less likely prices will be as high.If you are content on house-hacking in NYC, @Damon Bodine has done some extensive research on potential house-hacking areas within NYC.No Savings is definitely a deal killer though.

Hey @Matiullah Quraishi, check out the Yale Appliance Blog. https://blog.yaleappliance.com...They cover a ton of stuff and use their own repair data (which is extensive) on most name brand appliances.What I would do is see how many factory certified repair companies are in the area.

Unless you want to get creative with the current property in terms of renting it out, it isn't going to be a strong performer in terms of cash flow, but appreciation and future potential can be strong. 

Tenant filed for extension and lockout was scheduled for March 16th 2020, which on that day courts closed and evictions were halted.

Specifically, you are performing middle man work on someone else's deal and linking people together.