How To Properly Manage Rental Property

[Claudia Rhoden]

When buying rental property, do you have to have a property manager in each state you have rental property? Or is it a “one company takes care of all” type of thing?

[Koleton Daley]

Hey @Claudia Rhoden aside from popular belief we wouldn’t recommend using a property manager. We haven’t had the best experience with one that we used. They were seriously horrible to us and our homes. We just don’t feel that a property manager will ever genuinely care about property like you would. We self manage our commercial and residential now. We have attorneys that take care of legal matters, solid contractors, and we manage all automatic payments and requests. With us doing this we’ve been able to have a much better experience and actually be able to react much quicker then a typical property manager would. Plus tenants HATE majority of the property managers and there’s a reason for that.. they often times will take forever to answer and fix simple issues. Not all property managers are like that but it appears to be very common. We’ve been able to get higher rents because tenants see value in working with someone that genuinely cares. Happy Tenants pay rent, irritated tenants tend to be harder on the property and more likely to not pay rent... that’s just what we’ve experienced.