I am hoping to hear from your actual experiences when it comes to using management companies. I found a great cash flow duplex giving me close to $429/month. The problem is that it is a dump; my standards may be too high but there is no way in hell I would drive my BMW but I don’t think I would be too afraid driving my GEO to pickup a check.
Here are some questions I have, feel free to chime in with your experiences!
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Does the management company arrange check pickup/processing?
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Will they call the tenant if the check is late? How far will they go once the tenent doesn’t pay?
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When the tenant calls in a broken AC unit etc…I assume they call the management company? Does the management company arrange the repairs/replacement and get my approval to go ahead with it?