A bad management company nearly killed my first deal. In fact, I am still digging out of the mess they made for me.
I had this problem, too. I live in Brooklyn, New York, one of the most overpriced markets in the country. Even after the Great Recession, when I got started, cash-flowing assets were very hard to find in this market. I was competing with cash buyers happy (for some reason) to wait years for appreciation and home-buyers who were not thinking about returns at all.
The first property management company I hired nearly destroyed my business. Knowing what I know now, how could I have avoided this problem? Whether you own locally or far away from home, here are ten things you can do to find the right management company.