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.