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Updated almost 7 years ago on . Most recent reply

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Morrisha Hudgons
  • Investor
  • Chicago, IL
4
Votes |
9
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Why is Good Help so Hard to Find?

Morrisha Hudgons
  • Investor
  • Chicago, IL
Posted

I own a few properties in Chicago, where I lived before moving recently to Atlanta.  Since I did not have scale, I did all of the property management myself (advertising vacant units, showing property to prospective tenants, minor maintenance, finding and overseeing contractors for major repairs).  Now that I'm in Atlanta, I need a property management company to do these things or I'm going to have to sell.  I had a company, the realtor who listed my condo and found a great tenant, said he also managed properties.  I contracted him for my 3 flat, but it was a nightmare!  I popped up for a surprise visit and the lawn was severely overgrown and air filters looked like they hadn't been changed in months, so I fired him.  

Trips back and forth and relying on friends to help in a jam isn't working anymore. Now I have vacancy and need someone to manage finding a tenant. 

Why is good help so hard to find?

Most Popular Reply

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7,695
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7,859
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,859
Votes |
7,695
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

I’d say you just need a new PM. There’s gotta be a good Pm in Chicago somewhere. I disagree that you need a lot of scale to be a priority. The PMs I use give me good service and I don’t have dozens of properties or units.

I also try to enhance this relationship by buying my rentals through my PM as they’re also agents. They earn the commission and then they stay on and manage it.

Keep looking or sell if you have good equity

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