Property management issues

[Christopher Cadenhead]

Hi I’m having a problem with my current property manager does anybody know what the consequences of firing current PM before contract is up?

[Nathan Gesner]

@David Moore I'm in Cody, Wyoming with a population of 9,500. I personally manage about 20% of the entire rental market which is about 18% higher than my nearest competitor. I've been a member of BP since 2010 and just picked up my first client four months ago that bought a property through me in another town so I don't manage it. In other words, there's nothing I can do on this forum that would help my business.

If you haven't seen a PM that adds value then you haven't looked hard enough. Maybe you're a super-Landlord that actually reads laws and consults attorneys; most do not. Do you know where I get the majority of my business? From Landlords that attempted to self manage, failed miserably, and then begged me to dig them out. I do, I do it well, and about 80% of them make more money AFTER paying my fees and their properties are better maintained with higher-quality tenants. It would be easy for you to dismiss this as a unicorn story but I network with thousands of property managers around the country that are high-quality professionals with more knowledge in their pinky than the average Landlord.

I started out as a private Landlord and had a couple bad property managers but I never smeared the entire profession. In fact, I saw it as an opportunity to elevate the profession. My intent on this forum is to educate self-help Landlords so they know how to research and find quality managers. Some real pros are out here and we're worth the money.