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Updated over 15 years ago on . Most recent reply

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Jason Schmidt
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what does your property management company do for you?

Jason Schmidt
Posted

part of the appeal for going into real estate investing / landlording is to create passive income. to make enough in order to make it matter, i will need to possibly have 20 properties at some point. It seems to me as though I would be back at square one though, having to "manage" all the property. My thought is to get a property management company, in hopes of having to do ... well ... as close to nothing as possible :)

what can/should i expect from a property management company? I am thinking about possibly 75k homes.

Most Popular Reply

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Peter Giardini
  • Rental Property Investor
  • Baltimore, MD
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Peter Giardini
  • Rental Property Investor
  • Baltimore, MD
Replied

I would add one more question to Benolyn's list...

What guarantee will the PM give for tenants they place? For instance if the PM charges one months rent for placing a tenant and that tenant is evicted or quits the lease within a certain period of time will the PM find a new tenant without cost to you as the owner.

The last thing you want is for a PM to be churning tenants.

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