Found Deal...However, No Quality Property Management Company's

[Stanley Pearse]

So per Brandon's encouragement from one of his video replay's, I went out to Realtor.com and found a rental property that give me a 9.5% rate of return...that is almost a Double / Triple hitter.  The property is located in another state not making it possible for me to manage it - nor do I want to.  The issue is that when I looked up Property Management companies in the area...they all had marginal to bad reviews.  So with that it brings up a question...based on the Property Management companies reviews....would that be enough to KILL the deal?

[Filipe Pereira]

@Stanley Pearse 

If you have listened to enough of the BiggerPockets podcast, you will know that a good property manager can make your deal, and a bad one can make a good deal bad. It is so easy for a property manager to be a poor performer when they know their client is out of state and not over their shoulder.

If you don't have true boots-on-the-ground out of state, or a property manager that you can trust, I would pass on the deal unless you are expecting to make a significant amount of trips out to the property. The reality is that it is pretty unfeasibly for you to do so.