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Updated about 3 years ago on . Most recent reply

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138
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Arthur Schwartz
  • Investor
43
Votes |
138
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How to manage a property manager?

Arthur Schwartz
  • Investor
Posted

One of my property managers, with six doors, sent me nothing for the month of December.  Sent nothing for January.  Sent a relatively small check on February 1. Has never sent me leases.   How to manage an out of state property manager?  Tips?  Advice?  Thank you!

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,587
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6,629
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Advice? Fire them. But, you are the one who is allowing this. If you got nothing in December, why didn't you have the conversation then? To be in February, complaining in an open forum, just means you are likely adverse to conflict which is a tough and money-losing road as an OOS investor or just a busy one who hired management. Why is there nothing? Are all 6 doors vacant? You should have full metrics on where it's listed, how many times it has been shown. If anything is rented, you should have checks. The post is perplexing, what are you waiting for to contact them? When you hire someone you set strict requirements for what you want and then you follow up on them each week, month.

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