Most landlords need help, especially if they don't know the local tenant laws or how to fully screen renters. Good property management is the key to success for your investors. Property management companies should be fully licensed within the state and have at least a two-year track record of solid business experience. They must have a thorough tenant screening process, as well as a system for dealing with late payments or delinquent tenants. With today's technology, every property manager should use software that allows the owner to see what's happening in real-time with their property for full transparency. Always review the management agreement to make sure you understand the property manager’s terms.