Having someone like that in your corner can save you from costly mistakes and speed up your learning curve.On the other hand, if you already have a firm grasp on the process, understand contracts, know how to analyze deals, and have your own relationships built out, then handling transactions yourself can make perfect sense.

The rehab went over budget, and sales transactions have slowed.

So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations.

My goal is to build a long-term relationship, not a transactional service.

For rents, use the income approach: verify with two PMs, cross‑check Rentometer/Zillow but discount for aspirational pricing, and weight unit layout and parking over raw sqft when comps are sparse .

Several recent transactions have had appraisals come in significantly HIGHER than their sales price including: two jumbo transactions and my own personal summer purchase.  

We have had multiple transactions in the building in the 10 years we’ve been there, and no issues with any lenders previously for 80 percent first position stuff (including our own).

For double closes, confirm lender timelines, transaction costs, and spread after fees.

Here’s an article I wrote about just such a transaction I put togetherOne of the most effective ways to build wealth in real estate is by offering seller financing when selling a property.The reason is simple - you can obtain a higher price for your property than when you insist on cash.

So, in counties where there are very few transactions, there will be very large swings month-to-month.