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Updated almost 8 years ago on . Most recent reply

Resonable expectations for a property manager
I currently own a 4plex that I have recently hired a property manager to manage. I am not satisfied with the service I am receiving from the manager, I am finding I am spending more time that I expected dealing with issues. I am curious to get some feedback on whether my expectations for him are reasonable.
Without going into details, how much work should an owner have managing a property after hiring a property manager?
Most Popular Reply

This all depends on the owner how hands off they want to be. The manager should have sat down and went over all the issues that could have come up while managing the property and got your input what price range would warrant you stepping in and giving the ok. He is suppose to go over exactly what he will be doing on a day to day basis and what reports he will be sending you. Also what he will not be doing should also be explained to you. (If he is not handling maintenance and only finding tenants for you to lease). You don't want it to end up where he is calling you every second you might as well do it your self I feel that's the case.