If you want to try working with a PM again, we do have an option for owners to take care of maintenance, but we still list/screen/lease the property, man the phones 24/7, collect the rent, handle the accounting, do routine inspections of the property, etc.

Thanks-Harsh I am 100% for Cleveland, but you need to make sure you pick your properties carefully.

I had the same thing happen to me a few years ago, let the tenant out of their lease because they said they were going to sue me for health related issue.

However, their health issues may squeeze them financially.  

I don't care anymore because I've paid all my commercial loans off and I'm not going back, but adjustable and callable every 5 years is standard, not to expire and need to start over. 

If that's what they claim to be conservative I would caution you to review all their other numbers carefully.

Then I ask them to contact me to set up a time when I can come meet them and sign a new lease if they are not under a current lease.I also ask if there are any immediate repairs that need to be made so they know I am going to take care of the property.

I left it low in there eyes because they were the dream tenant that pays on time and takes great care of my home.

I find that in SFH rentals, the tenants take better care of the unit and ultimately stay longer.

Please be careful who you work with, do thorough background check, use third party to check work and never pay full amount till rehab is completed and inspected.