Reason People use Property Management Companies

[Lindsay Favazza]

Can those of you who are investors that have property management companies tell me why you chose to use one? Doing some research and would love your insights?

If you chose not to, then tell me why?

[John Underwood]

Reapectfully,

I have systems in place and people/companies that I can depend on when something needs repaired. My tenants text me, I text somebody else. It takes less than a minute to deal with a problem. I know I am getting great prices from my handyman, contractor and HVAC people with no markup.

I keep the management fee which goes straight to my bottom line.

If I have to rerent a place I dont have to give up a months rent to a PM in addition to the 10% they are already getting. The 10% is off my gross not net. 

No one will get a new tenant in faster than me. I often have someone waiting to move in a few days after a move out so that I don't loose more money.

Most of my tenants stay for many years so I don't need money being siphoned off before I get it for doing next to no work.

I train my tenants to pay on time or their will be co sequences so I have very few issues with this.

My tenants all pay the rent via a couple different methods so I get it right away and I don't have to wait for a PM to send me my money minus their fee. I do not chase rent.

I take care of my tenants and my properties. I fix problems for them fast and they in return take care of me by paying the rent on time.

My systems and up front tenant training allow me to run my empire with very little of my time.