Property management company

[Nathan Mckenna]

Are there any good property managers in Raleigh North Carolina

[Phillip Bradrick]

@Nathan Mckenna. I guess that all depends on your definition of “good”. I think the challenge of online reviews is often the fact that “good” property management companies will sometimes have unhappy tenants because they are enforcing the lease and protecting the owners interests. This can lead to tenant retaliation in the form of negative reviews.

Word of mouth from other investors is the best method for finding a quality property management company. The other factor is getting familiar with the different fee structures. The company that I work with has a flat fee structure which cuts out the leasing commission and makes the revenues from the rents much more stable. It also doesn’t incentivize the PM to have more turn over.

In a post Covid19 world where evictions are much more difficult, proper tenant screening is a vital component of a good property manager and will save you tremendous headaches by weeding out less than excellent tenants.