Even 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!

In my lease there is a clause that talks about taking possession and it essentially says that if they fail to pay all amounts owed and take possession on the date agreed, they forfeit all monies paid and I can offer it to the next person.I will typically hold it for a 2-3 days attempting to make contact because sometimes life happens and people make mistakes.

The motivated seller questionnaire is especially useful for screening real estate leads and sellers that come through blanket marketing methods like bandit sign marketing, flyer marketing and other more specific real estate lead generation methods.The single most damaging mistake made by beginner real estate investors is not being selective enough about who they spend money, time and effort dealing with.

If you can, well then you can give it a shot.Also, if you are looking in a major metropolitan area, be prepared for rapid changes to the code that could prevent non-owners doing it to eliminating STR's all together.

You are NOT a friend/buddy, you are their landlord, and trust me-- make no mistake about it, they don't like you as a person, they like you for charging them X rent only.   

I don't make rookie mistakes like accountants and other attorneys using your home address as your place of business. 

Teaching kids about money when they are young gives them several years of making mistakes with money so that by the time they at an adult they already know how to manage money well.

People often make the mistake of saying “well nobody is complaining so it’s all good.”

Just don't make the mistake of using a torch.

What this does is eliminate any "fake" landlord or friend that is pretending to be one.