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Updated over 6 years ago on . Most recent reply

User Stats

244
Posts
120
Votes
Tom R.
  • Investor
  • Ridgecrest, CA
120
Votes |
244
Posts

A "property management" company called me too good to be true

Tom R.
  • Investor
  • Ridgecrest, CA
Posted

Someone called me this morning claiming to be from a property management company with an too good to be true offer.

The offered to fill my vacancies for 3.45% and manage my properties for less than 3%. No one charges that little. They had a area code based at least 2 hours from my properties. The num ber 714 and 942 and 2751. If posting this is a violation of the rules please feel free to remove it. Im just trying to warn people of scammers. This scam was pretty obvious but some might not be. Be careful. 

Most Popular Reply

User Stats

244
Posts
120
Votes
Tom R.
  • Investor
  • Ridgecrest, CA
120
Votes |
244
Posts
Tom R.
  • Investor
  • Ridgecrest, CA
Replied
Originally posted by @Irina Belkofer:

It might not be a scam - in CA there are very low rates on PM.

My friend has a rental condo for $1850/mo and her PM fees are $76 flat. Placement fees also is not one month rent like it's around here, something like $200-300

I didn't believe her - she sent me a copy of PM agreement.

Also, she's very happy with the PM company - she works at a demanding job and was a relief for her. Like she said:"the best money spent ever"

 Well in my area everyone charges 50% to fill a vacancy and a 10% management fee.  

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