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Can anyone recommend a good property management company?
Posted on 4/21/24 at 8:14 pm
Posted on 4/21/24 at 8:14 pm
The one I'm using has billed me exorbinant "repair" cost for 9 of the 10 months we've been contractually together. Only this month have I had no additional fees come out. Coincidentally they need a 30 day notice prior to the first day of the last month of contracted service. I realize everyones gotta make their money, but are there any trustworthy/ethical options that one can recommend? Im tired of getting held for ransom for whatever they decide to charge me each month. TIA
5
Posted on 4/21/24 at 8:16 pm to IS_IT_GAMEDAY
Where are you located and who are you using. I have some properties in NOLA and I've been getting some extremely high bills lately too. None of my units are over 2 years old. It doesn't make any sense... or cents!
Posted on 4/21/24 at 8:16 pm to IS_IT_GAMEDAY
quote:
good property management company
Posted on 4/21/24 at 8:17 pm to IS_IT_GAMEDAY
With increasing insurance, prop tax, and general maintenance, how do you get +cash flow? Add in a monthly management fee on top off that.
Posted on 4/21/24 at 8:20 pm to IS_IT_GAMEDAY
Posted on 4/21/24 at 8:22 pm to IS_IT_GAMEDAY
Oh ok... I"m using Keller Williams
Posted on 4/21/24 at 8:42 pm to IS_IT_GAMEDAY
I had the worst experience with PM. I had to bird dog them more than I would the tenants. Only way to have one work is to have goals aligned, and they get a cut of your earnings. They should only make money when you do. They were charging me a fee whether there was a tenant in the unit or not. What’s the incentive to place someone? Then get 50% first month. What’s the incentive to find a good tenant, when you make more money when they are bad. Still had to be very hands on with all the repairs, or any drama.
This post was edited on 4/21/24 at 8:45 pm
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