Tips and Traps for managing your PM

• PM purpose is to give you more time to pursue more JV’s, other interests are they doing that for you? Are you letting them?

• Help you in not being emotionally involved with your tenants lives and problems, which depending on your personality can be a major time vampire

• PM should free you up from the day to day, are you letting them?

• Is Property Management just a side business to their actual business of Real Estate Sales? This can be dangerous for an investor as their PM(realtor) might not be as focused as they should be on their service to you

• Is their lease a good one? Bad leases leave the owner open to problems, legal and otherwise