A big mistake many new investors make is straying from their criteria because they fall in love with a property.

I made this mistake with several tenants early on (not nearly to this extent).

And you should watch this as well9 Mistakes to Avoid With an LLChttps:// www.youtube.com/watch?

@Neil WisemanEven if someone give you a referral, what meets their expectations, may not meet yours.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!

@Christopher BrownleeIn 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!

I made the mistake of letting a GC's crew do an old 5/4 x 4 pine subfloor, and they did a crap job, gouges and a bad job of weaving in repairs.

I know, big mistake, I agree.

From there, you test things out and make adjustments and additions as needs arise.This way of creating a large business model is popular these days because:It costs less to start out.You learn from mistakes and issues as you go so you won't waste money on things you thought were a good idea but didn't work out like you thought they would.You get input from the users of your service along the way essentially letting them help you create what they really want which leads to great customer reviews, etc.That's what we did when we started our online comps service.

I will never make that mistake again!

My tenants are moving out at the end of the month and I haven't really needed the keys, but I wonder if it is a mistake.2.