Airdna or pricing software may not select accurate comps.Then I look at their calendar to see how many bookings they have, when they have them and look at their rates for different times of the year. 

@Lauren BernardIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

@Addison AmorosiEven if someone gives 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!

Geo-climate risk is becoming an important consideration in the selection process.

I just have to select "Print Consumer Safe Version" and then we can send by mail or secure email. 

I now have to do some more research in the area but I am guessing that an Indianapolis winter will severely cut into the expected $650 rent for that unit (cut ROI from 16.6% to 13%).I have two other properties, in other areas, and there is a constant conversations with the property manager when the unit is transitioning to a new tenant or undergoing maintenance (the rest of the year there is zero need for interaction, other than monthly statements).I also received update pictures of the units and I am impressed with the interior rehab.  

Probably why you were selected for an audit.

If you don't do the homework, you will give them the impression you may not be up to the task of doing the homework with real estate investing.

Make sure you tag people (in comment box, type @ and you will see a list of people's name, select the one you want to address). 

Meeting realtors and selecting a good one that you mesh well with and that has the capacity to deliver the results your looking for based on what investment you want is a good start.