As a property manager, it's crucial to carefully consider the properties you take on to avoid burnout and turnover in the industry. In a recent podcast episode, full-time property management trainer and consultant Darren Hunter shared 8 reasons to say no to business in property management.

1. consider the income potential of a property before taking it on. Aim for a minimum of $3,000 in management fees, leasing fees, and other fees per year to avoid taking on too many properties that don't meet this benchmark.

2. be cautious of lower socio-economic areas where rent may not be paid on time and social problems may arise. Determine a cut-off point for minimum rent based on your financials and average rent in your portfolio.

3. distance matters. Don't take on properties that are more than 30 minutes away to avoid wasting time and causing stress for property managers.

4. location and property type matter. Avoid properties in areas with high turnover or low-quality tenants, as well as those in disrepair. Inspect a property before taking it on, especially if it is a transfer from another agent.

5. avoid "C-class landlords," who are over-demanding and unreasonable, have low-quality properties and tenants, and don't put money into property repairs.

6. don't take on furnished properties for long-term rentals in the suburbs. They typically have higher turnover and can cause complications and added stress.

7. be cautious of taking on leasing-only properties. Charge double for leasing-only properties and don't give away good tenants.

8. be careful when taking on properties from other agents without proper due diligence. You may inherit problematic tenants.

Regularly refreshing your knowledge of these strategies is crucial for experienced property managers. Remember to carefully consider the properties you take on to build a healthy rent roll with properties that you are happy to manage and that will attract good tenants.