Vetting and selecting a property mgmt firm?
Hello,
We own 2 SFH that are full time rentals, we self-manage at this time. We also have a personal residence. Our 5 year goal is to have everything paid off, move out of the area and turn our personal residence into a 3rd rental.
I have considered managing the properties remotely vs hiring a prop mgmt firm. I am still on the fence about it but am leaning towards hiring this out. Any thoughts on this specifically?
Re the vetting/selecting of a property mgmt firm, are there any factors I should take into consideration? I have done some initial research/networking and have identified at least one organization that would be a good fit. I have not engaged them yet but do plan to. I think that form the most part, finding a firm that has an established track record will say enough about them as an organization, but maybe I am incorrect in this assumption.
Any help would be appreciated.
Chris