Property management value

[Jacob Pereira]

Beyond the obvious minimums (place tenants, field calls, collect rent) what other value-adds does your property management company offer (accounting, maintenance logs, legal documents/representation, etc.)? What would your ideal PMC do for you?

[Christopher Brainard]

@Jacob Pereira

I don't think "value adds" are really necessary, most property managers fail to do the minimums properly. Also - accounting should be done by the CPA, maintenance logs should be done by the maintenance company, and legal documents should be handled by a lawyer.

I read your other thread so I know where you are going with this. I think I should point out that being a property manager carries the highest liability of anything you will do as a real estate agent. If you do decide to go that route, you need to find professionals to work with to manage things outside the property management scope. Not doing so is inviting trouble.

-Christopher