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Updated about 7 years ago on . Most recent reply

User Stats

21
Posts
4
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Mike Ferguson
  • Rental Property Investor
  • Columbus, MS
4
Votes |
21
Posts

Bad Property Management or Normal?

Mike Ferguson
  • Rental Property Investor
  • Columbus, MS
Posted

Hey everyone, I feel like I'm having a bad experience with my property management company, but I wanted to get some feedback for a sanity check. I definitely don't want to fire these guys just to find out that they were pretty much the average.

This is for a single-family home in eastern North Carolina, in a military town.

First, my receipt of rent fluctuates from the 4th to as late as the 12th each month, despite my confidence that they receive rent from the tenant on time in all cases. 

Second, on all tenant turnovers, they've tried to charge me ~$500 for "prep and paint as needed", with no breakdown of what needed to be painted, nor a list of what actually got painted. They tried this once after a short turnover of 3 months since the last painting, and were told to pound sand.

Additionally on tenant turnover, they have a tendency to try to charge me for things that were obviously tenant inflicted, such as bent towel rods, etc. 

Finally, their record keeping bugs me. They have finally started using appfolio which helps,  but pending charges still tend to float around on assorted PDF files, and on those months which the tenant pays before the first, his payment wont show up in the current month's statement, this can be figured by doing some homework, but to me the whole point of property management is so I dont have to worry about some of this stuff.

So there it is. Please share your thoughts with me, so I can figure out whether this is bad business or if I'm just stressing over triffles.

Most Popular Reply

User Stats

21
Posts
4
Votes
Mike Ferguson
  • Rental Property Investor
  • Columbus, MS
4
Votes |
21
Posts
Mike Ferguson
  • Rental Property Investor
  • Columbus, MS
Replied

@James Kojo 

I hear ya on turnovers being expensive, always seems to cost more when you're not the one living in the house! The $500 I mentioned was sold to me as a "touch up" paint job, on a 1450 square foot 3 bedroom home in eastern North Carolina. Like you say, if they had charged this for a full and complete paint job I would have been a happy camper. But to me being the glass is half-poison guy, I took touch up' to mean "we'll charge you $500 bucks and touch up a couple of spots in one room for 10 minutes with 10 dollars worth the paint".

The maintenance guys are in-house, and they tend to be the same people also doing the inspections, which strikes my nerve as a possible conflict of interest.

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