Realty-Medics Property Management Company. Anyone?

Question

Hi there,

Does anyone here know and have experience working with Realty Medics property management company?

I would love to hear your experience and opinion about them.

Thanks in advance!

Marcus House · Answer

For those of you that are doing your due diligence of Realty Medics like I am, note that Realty Medics is the property management arm of Realty Doctors.

Mark Vivanco · Answer

@Noam Ofan I am talking with Tommy about a couple opportunities but I have not used them yet.  They have answered a lot of questions I've had.  That is the extent I've worked with them.

Rongsu Qi · Answer

Yes I am a current client of Realty Medics and am referring someone out-of-state to them too. I would start by saying no PM company is perfect, as my realtor told me. I have explored a couple other options in the area and found them to be professional and their fees perhaps slightly lower than others. They handle leasing and repairs fast and their repair pricing is fair. What I wish could be different, and understand this is difficult to do, is being able to advertise before tenants move out. They would only advertise after tenants moved out and the property cleaned and fixed, this usually results in at least a month of vacancy in between tenants. Would love to refer you.

Vessi Kapoulian · Answer

Thank you for the prompt response, Noam!

Noam Ofan · Answer

No, not yet. Haven’t bought a rental yet. Not sure whether or not I will at this time

Vessi Kapoulian · Answer

Noam,

Did you select a PM in Jacksonville, FL? What has been your experience thus far?

Noam Ofan · Answer

@Todd Krzeminski - We haven't bought yet in Central FL. We are going to start with Jacksonville, FL and see from there

Todd Krzeminski · Answer

Following up on this post. Are you now working with Realty Medics or did you go another direction? Would love a recommendation for Central FL PM.

William Rojas · Answer

@Rongsu Qi Not necessarily so-- since if it’s a unit where we have ”pre leased” it, i.e we have been advertising “available from xx date” , it might be that we have applicants already pre-approved and ready to move in as soon as the turnaround repairs/cleaning is done. Thus they may take occupancy within a few days of it being cleaned etc.

The key is to not pre market the property too early, as that simply pisses renters off with the waiting and not being able to get in. Typically we will market a unit we know is coming vacant around 2 weeks ahead of time to stack the inquiries and pre approve them and do all the background verification. If the existing renters will give us time windows for showing that is even better. Thus when it truly is vacant and move in ready, we can move in the pre- qualified renters who can then get in the fastest, thus cutting the days vacant down.

The idea of zero vacancy is pretty impractical in the real world of rentals, unless you have renewals. Since there is also the factor of utility turn on/off. There are repair vendors who get backed up, arrive late etc. So many variables adding other dynamics which might slow up the process. There are many moving parts which prevent the turnarounds being totally seem-less. The idea is to keep the current tenants happy with quality service, push for renewals and fighting for increases on your behalf.

Rongsu Qi · Answer

This makes sense and is generally what I experience with the Realty Medics too. However this does mean actual vacancy (i.e. the days landlord not receiving rent) is going to be at least one month:  ~ 1 week of repairs and cleaning, ~ 2 weeks on the market, then between 1 and 2 weeks between lease signing and moving in.

When I was a renter back in California, my landlord who self-manages, would market a month or two ahead of moving out, coordinate with old tenants to show, make repairs when tenant-occupied, then have new tenants move in as soon as the old tenants move out and the place is cleaned. She had the cleaner come in at 8 pm the day I moved out and the new tenants moved in the next day. This is truly zero vacancy.

Now I understand this is difficult to do and would require great tenants, great relationship with tenants and a very hot rental market. But I keep wondering, if she can make it happen, can someone else at least get close to that?

Realty-Medics Property Management Company. Anyone?

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