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Updated over 6 years ago,
PM With Realtor vs. Professional Company
I am purchasing a property (4-plex) roughly ~1.5 hours away that I want to hire a PM for. I have interviewed a few, and have found my own realtor and a professional company as the most responsive and with the most astute answers.
Realtor: first property under management, discounted rate of 3%, lives very close to the property, likely will receive attention due to proximity to the property. No systems/processes yet, could groom (though I have little exp. my self)
Pro: 200 units, rates of 6-10%. Lives in the area as well. Likely will receive less attention, but managed by systems and processes set up by company. Will get access to Buildium portal, along with periodic inspections and a nifty maintenance tracker.
Thoughts, suggestions? Who would you go with?