Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

There are a lot of things that need to address for a PM company between compliance with the state, local rent control in a lot of your area you'll be covering, a lot of competition that is in your area, marketing/ads, and so much more. 

As someone who has real estate investing and sales experience—and as someone who has worked through these scenarios firsthand—you have to understand the difference between sales comps and refinance comps.

I’m always curious to learn what other people are doing, what’s working, and what’s not.So here’s my question for today:What’s one small tweak you made in your property management process that ended up making a huge difference?

It is a pleasure to be apart of this ever-growing community! I had joined years ago when I first started learning more about real estate in general and the opportunities it offers. Rejoining now as a new property mana...

I have not hired a property management company and probably won't until I have enough units and solid process to hire a w2 manager that reports to my company.

A little research shows that different insurance companies will look at this differently, and some insurance companies might be much better/more affordable to work with.Any help would be much appreciated!

And creating a separate management company does not override zoning rules, occupancy limits, or eviction laws.

When you said insurance you will confuse the reps at the utilities company. 

They are trying to compare buying an actively managed business to investing in real estate, but those two things operate very differently.