After you own a number of properties across a number of US cities and or the US states it becomes more challenging to manage all the properties yourself and as such you will need to hire a good property manager.
If you want to earn a living with real estate you should get comfortable sooner rather than later with managing your manager as opposed to doing everything yourself. You should also get used to remote management. Not every good deal is going to land in a 10-mile radius from your home.
This is my Personal General Advice from my 10 Year Experience
1. Your property manager should provide you with monthly income statements for each and every property that they manage for you. These monthly reports should include any work orders, receipts, and pictures as necessary. The property management companies that I use, direct deposit all funds on the same day of every month (minus property management fees and any maintenance costs for the month)
2. Some property managers have account managers who will try and convince you not to increase rent in fear of having a tenant refuses to renew their lease. Always increase rent. Never avoid legally increasing rent when you can.
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