Commont Pitfalls in hiring Property Management

[Edward Lamson]

Hiring only a real estate sales agent to manage your property

Paying more than 7% of the Gross Lease as a leasing commission

Paying more than a 10% management fee

Signing a long-term, binding contract

Using stock, dated leases

Hiring managers who don't have the proper experience and education

Hiring companies that only do leasing and not management

Hiring companies that don't return your call in a timely manner

[Christian Malesic]

Being hands-off and letting them do all the work. Inspect don't expect.