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Updated almost 4 years ago,
Property Management Expectations
Hi all! I'm wondering if my expectations of my management company is too high or if I'm misunderstanding what they should be doing for me. Recently, I asked management to notify my tenants that we were going to increase their rent. I gave no specifics of timing and just figured that they'd know (or inform me) that we need to give a 30 day notice first. Well, a week later we get the rent payment at the increased amount! I'm not sure why they wouldn't have given the 30 day notice first. Even I know that should happen!
Also, they don't seem to know when our leases end. I figured they would give me a heads up, ask if I wanted to extend another lease out or just let it go month-to-month. Nope. I have to tell them when the lease ends, and what I'd like to have done going forward AND ask them to schedule an annual inspection.
I've also had a previous company take forever to take care of urgent maintenance requests. :/
Is this typical? Or am I not getting my money's worth? I've worked in commercial property management and this all seems to be the opposite of what we did for our clients.