Property Management questions about Belong Home

[Joshua Bennett]

I have been in conversation with Belong Home about one of my properties. It seems like a good deal and a decent company but was wondering if anyone here had any experience with them?

One of the things they do, when managing a property, is rekey the home so they and the tenants are the only ones who have keys. As the owner, how concerned should I be about this?

They also take the payments from the tenants, then take their fee out of that and then pass the remainder on to the owner. This seems like a common practice, and am new to all this.

Any insights would be appreciated!

[Joshua Messinger]

Hey @Joshua Bennett! 

I would get rid of the entire key situation and just get a Schlage door code lock. This way you can just change the code vs. getting new keys. 

As for a property mgmt company taking the payments from tenants, this is normal. Usually, a PM company will take care of the bookkeeping and give you the NOI for your property so all you should need to worry about is getting paid.

If you have any other questions please don't hesitate to reach out! 

Best of wishes, 

Josh