Finding a property management company that you can trust with your investment can be a weight off of your shoulders and provide "mailbox" money to you without you having to lift a finger (except for when you have to grab that money from the mailbox).The cost of property management services varies, but any great trustworthy property management company can outweigh the cost substantially by providing you with time-saving services that handle the day-to-day operations of owning a rental investment property.

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact 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.This also leads them to ASSUME simpler is better when it comes to management contracts.

Your name should be on the deed or as a partner on an LLC operating agreement.

Purchase price: $125,000 Cash invested: $35,000 Sale price: $235,500 Extensive full home remodel includes structural remodel of a new staircase with pantry built underneath.

Purchase price: $125,000 Cash invested: $35,000 Sale price: $235,500 Extensive full home remodel and structural remodel including a new staircase with pantry built underneath.

We own and operate a construction business in phoenix and are potentially wanting to start to break ground on a 2 acre multifamily parcel as well with similar number of units.

I’m looking to create enough passive income to be able to replace my family’s W-2 income and return to being self employed and then to create more income and create generational wealth and set it up to support my family in the future as I know they do not have the background or knowledge to operate the empire I am developing.

@JD Mims,I haven't experienced this situation personally, but I did tour a property which had a shared coin-operated laundry room.

Owning property 60+ miles from my house which has coin operated laundry facilities is likely unsustainable :)....

Owning property 60+ miles from my house which has coin operated laundry facilities is likely unsustainable :)....