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Updated almost 6 years ago on . Most recent reply

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281
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Matt Schelberg
  • Rental Property Investor
  • Baltimore, MD
257
Votes |
281
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a-la-carte property management services

Matt Schelberg
  • Rental Property Investor
  • Baltimore, MD
Posted

My rental portfolio has grown to the point where self-managing has become a major time commitment. I am considering hiring a full-time employee to assist with managing so I have more time to raise capital and evaluate deals.  But I don't have enough work to keep an employee busy 40 hours/week, so I am considering offering a-la-carte property management services to help support the employee's salary.  

For all the self-managing landlords out there:  If you were going to sub-out some part of your property management to a third party, what would it be?  

  • periodic inspections (with reports and photos)
  • maintenance calls and dispatch
  • move-in/move-out inspections
  • tenant screening
  • lease signing
  • rent collection and eviction
  • something else?

Trying to determine where there is greatest market demand.  Any comments greatly appreciated!

Most Popular Reply

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2,614
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2,104
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
2,104
Votes |
2,614
Posts
Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
Replied

@Matt Schelberg

We are considering doing the same thing with the service structure being offered a la carte

A couple of other items to add to your list;

-accounting 

-showing and processing applications

-attending HOA or COA meetings on your behalf

-serving 3 day or violation notices 

-running rental comparables

-vacancy checks 

-security deposit claims 

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Engel & Völkers | St. Pete
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