Thoughts on real estate and property management companies

[Ramonater Ramo]

Hi everyone,

I wanted to get people’s opinions on real estate companies that also do property management. Last weekend I went to a meeting/presentation for Marshall Reddick in Newport Beach, CA. (https://www.marshallreddick.com/) the presentation and sales pitch went great (as they always do) and I have already had a few conversation with the real estate advisor and so far everything looks great, the main thing I like about them is they have tons of listings out of state. Given the current prices in Orange County, I am not looking to invest here yet. Now, I know there are many companies out there like Marshall Reddick so, I am looking for people that have worked with these kinds of companies to please share their experiences and things I should watch out for. I know everything sounds great on paper and things can quickly become a nightmare. One thing I really like about them is they only make money when I do and their fee is 7% of the rent. I am not ready to jump in to investing tomorrow, I am still a few (3-4) months away from having enough for a down payment for a single home in the Texas and Tennessee markets.

[Rhonda Blue]

Originally posted by @Ramonater Ramo:

Hi everyone,

I wanted to get people’s opinions on real estate companies that also do property management. 

I know from experience that this type of partnership has worked well for me. In Huntsville, AL I have partnered with Dietrich Rentals who manage my rentals there and I also used Carolyn's services when I purchased. 

When I lived in SoCal and started investing I managed my St George rentals myself and did work with a partner who shared insightful information about managing. It is a very landlord friendly state. 

Now that I'm in TN and manage my own rentals here. I am asked repeatedly to help other investors with management and so started with my daughter our own management company. It just works. 

I will say it is helpful to know what your expectations are and make sure that your criteria is meet well before you let anyone else handle your money. You want to trust who you partner with when investing.