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Updated about 6 years ago,
Are my expectations for property manager unrealistic?
What's up BP?
So we have several properties that we have been managing ourselves. We are beginning to move towards smaller multifamily deals 6-20 units and are wanting to pass that management torch to a professional company so I can focus on the acquisition side of the business. Sounds easy enough right?
I've now spoken with a dozen managers in our area and I'm finding that what I'm looking for in a property manager is not what most people offer. Aside from the standard rent collection, land-lording, and other typical PM duties, im looking for a company that can assist with market analysis and acquisition due diligence. The latter two seem to be the thing no one seems to do around the Hampton Roads area of Virginia. I'm not asking them to do it for free. Are my expectations unrealistic?