Hello everyone,

Looking to purchase my first rental in the next few years and I’m getting things organized.

I have two questions; what should I look for in a property management company and will a property management company take on a single property?

Thanks!

(I have no interest in managing my own property regardless of potential cost saving)

@Craig Risser you definitely can find a property manager to manage a SFH. Look for feedback on here or check out NARPM.com for someone local. If you want to jump on a call at all on what to look for in a Pm I am happy to spend 15-20 minutes with you.

@Craig Risser

A good property management company is KEY if you are not wanting to self-manage. I will be glad to give you some tips and things to look for when you are in search for a GOOD property manager. 

- The property manager should be able to educate you on a market (if needed) , help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title.

- Resonable pricing for the area! 

- Someone who is honest and reliable at all times. Proper communcation is important, to make sure you are aware of what's going on with your property and tenants. 

 Will a property management company take on a single property?

This should not be a problem, a professional property management will take single  properties. 

These are just a few things to consider, there are plenty of good property managers out there, just make sure to do all your research before making a final decision:) 

Good luck! 

@Subbie Kaur @mark ainley thank you both!