Great Property Management Experience

[Yuliany W.]

Hi All,

I'm wondering whether anyone has ever had a great (or positive or at least okay) experience with their property manager.

If you have, would you mind sharing your story. I would love to hear it.

Thank you!

[Lynn Dee Murrow]

I have had all my single family properties under a professional property management company for the past 3 years. Although they do not always do things exactly the way I would, they have done a good job overall and I always receive my rent on the 10th of each month.

I have had my apartment (91 units) under professional property management for just over a year. Initially we had turnover in the onsite property management position until we found the right person. Now our occupancy is stabilized at over 95% and the budget looks good so I am very happy with this company as well.

Keys to success with a property management company:

1 - read and make sure you really understand the contract. Many owners get upset about things they would have known if they had read their contract.

2 - communicate in writing clearly and concisely and require the same from your property manager.

3 - expect some initial maintenance expenses when a tenant first moves into the property. even the best rehab will miss things that will be discovered when a tenant moves in. Good maintenance will result in lower turns on the property.

Hope this helps!