NEW to the forum

[Timoteo Guy]

Hey everyone I am new to this forum also new to Real Estate.

My name is Tim and I am looking forward to working with all of you in the near future

Just have a huge question right off the bat.

How come Property Managers or Property Management companies always have a bad representation???

( i dont know if this was posted in the right forum)

[Sandy Blanton]

I'm new to the site also, but I happen to own a Property Management business that handles 300+ rentals. I'll share my thoughts. Property management is perhaps the most stressful part of the real estate business: the most "moving parts:" everyone complaining: tenants about lack of repairs; landlords about paying for repairs. Landlords getting foreclosed on, our managers are the last ones to find out about this. It's the lowest-paying field in real estate per transaction. A profitable practice has to have a large number of rentals in order to thrive.

I think the firms that get the most complaints are the deep discounted firms. IE: we have a competitor that advertises they charge $50 per month flat fee for each rental with no up front "leasing fee" for tenant procurement. This is less than half of what typical firms charge. WE get lots of their old Landlords who say they couldn't get calls returned, always late getting rent checks, etc.

If you're looking for a good property manager I recommend finding a medium to large sized firm: one that handles at least 200 units. These firms have the infrastructure and systems to be efficient. Avoid the "cheap" firms, this is one area that you truly get what you pay for. Check the BetterBusinessBureau.com site for their BBB rating. Let me know if I can answer any specific questions.