Well property management is not my forte. I'll admit it, I stink.
What I do know is to get a good property manager and then to manage
the manager.It's all about expectations. If you expect your property
manager to take care of everything and never call you, you will
get many a nasty surprise at the end of the month when it comes
time to pay the mortgage and the check from the property manager
doesn't cover it. If you expect your property manager to call
you when a big bill is happening and get your advice or at least
advise you about it then you will know it's coming. Don't let
the manager manage you. They are your employee.
I could tell you a lot of theory here but I haven't lived it
so I don't know it and I'd rather stick with what I'm good at.
I'll get a real property manager to write a column later.
Real-Estate-Haven