Property Managers as bad as everybody is saying?

[Account Closed]

I'm fairly new to bigger pockets and would like to start investing soon after graduation. It seems to me a great way to get some initial experience would be to become a property manager for a small, local investment company. I keep hearing/reading that no real estate investor ever claims to have a good property manager. It seems these problems arise from unloyal/lazy managers. With my work ethic I feel as though I could eliminate these problems. My question is, is there a need for more property managers? And if so how would you want to be approached by a property manager from an investors standpoint?

[Dawn Anastasi]

You ever hear the story about the nurse who was so overworked that she spent only 2 minutes on each patient because she had so many patients to see?  So she comes into a room, reads the order that says to change a fluid bag or whatever, does it, and leaves.

There are property managers who have so many clients that they just don't have enough time to properly deal with all of them.

Then there are also property managers who just don't CARE.  They put any person into the property so they can get a tenant placement fee, and if the tenant damages the place, so what, it's not their money.  They can charge 10% for any repairs and then charge another 1/2 month's rent to re-lease the place.

There are people who really don't want to be property managers and so therefore do the bare minimum at their job.

There are property managers who take money from the tenants and don't remit to the owners. They delay or make excuses or literally just run off with the money.

Those are just some examples of property managers who aren't so good.  That's why there are so many complaints.

The property managers who are good, have systems and they CARE.