How to negotiate terms with a property management company?

[Patrick Orah]

Hello BP community, I am looking for a property management company to help me manage part of my portfolio and future properties. I have been managing my properties by myself up to this point and as you know it can be a lot. Does anyone know what to expect when discussing terms for property management? 

[Chris Seveney]

@Patrick Orah

Pay an attorney to review their agreement. One of the biggest things to look at is the indemnification agreement. Many are written that even if the manager does something unlawful you have to pay their legal bills.. let that sink in.