Top 10 property management mistakes that cause property owners to fire you (number 10 is the worst):

1. Accounting errors (not reconciling, improper trust accounting, not doing triple-tie-out, charging incorrect mgmt fees, mistakes)

2. Inconsistent disbursement dates

3. Not responding to a client's question (or not responding within 1 business day)

4. Taking too long to turn over units (over 3 weeks)

5. Taking too long to lease units (over 3 weeks)

6. Not screening tenants properly (high eviction rates and property damage)

7. Letting residents fall behind on rent

8. Wrong employee handling client accounts - lacks confidence, empathy, intelligence or some other factor

9. Not regularly inspecting the property

10. Not getting tax docs (1099s & year-end statements) out by Jan 31!

What did I miss? Investors, why did you fire your property manager?