One of my biggest investment interests is real estate. I am currently working with a friend to buy our second rental property. The first property has been a dream situation. It's in another state, and in one of the highest value areas. The best part is the property manager... he has been *totally* excellent. Everything that comes up with the house, he's on top of. Sends the rent checks on time for years now, dealing currently with a less than stellar tenant, makes sure the grass is mowed and yard is manicured, etc. He always earns every penny of his Christmas bonus. But that brings me to my question. I know we lucked out with the current manager. The new purchase will be in an other area... more local and not such outrageously high real estate prices. That means having to find a second property manager. What would your top 2 or 3 considerations be when choosing? What questions would we ask to be sure the manager will take care of it *all* without any hands-on from very busy owners? Or is it a matter of needing to take a risk and seeing how they perform? Maybe there *are* no questions that would give a true picture of what kind of job they'd do?