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Updated about 1 month ago on . Most recent reply

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271
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19
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Gp G.
  • Investor
  • Atlanta
19
Votes |
271
Posts

one duplex two property managers for each unit pros cons

Gp G.
  • Investor
  • Atlanta
Posted

Hi,

I am thinking to hire one duplex with two property managers for each unit (as existing property manager taking too long to find good tenant). If I terminate property manager lease for existing PM for rented unit then I end up paying whole year commission of about 1500$. What are pros and cons of this approach. I have septic tank separate for each unit in the back  with dozing tank with motor in middle Elgin septic system in the front of building. Power connection goes from left hand side unit. Other than that no common utilities or anything like that. This duplex is originally single family home but converted as duplex by previous owner. It has common crawlspace and common roof. In the backyard no fence separating boundaries of both units. Please advise

Most Popular Reply

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9,007
Posts
5,679
Votes
Drew Sygit
#1 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
5,679
Votes |
9,007
Posts
Drew Sygit
#1 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Gp G. Not sure why owners invest in rentals, yet do very little research on market conditions!

They take the path of least resistance and always seem to blame their PMC for everything that goes wrong.

Recommend you take some time to understand what the above graph represents and why your PMC is probably not the problem.

Regarding your two PMC idea - how many water meters are there? Who will take care of common area issues like lawn maintenance, roof leaks, etc.?

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