Memphis Property Management Companies

[Bob Beach]

Wondering if everyone in Memphis rental properties has the same experience as us?  We've worked our way up to 6 rental properties in the last 3 or 4 years and have had five property managers, total.  Currently three. We have one good one and the rest, we have moved around from one to another. One will have great customer service, always answer the phone or reply to emails but lack luster in tenant choice and integrity. Another is trouble free but goes months and months without getting quotes for smaller repairs. Another would never answer the phone, then give a quote for repairs, pretend they never gave the quote then give another for 3 times the first amount, (after we transfer funds and give approval for the first quote).  The first prop manager we acquired has always been professional, responds to emails quickly, gets work done fast, picks better tenants, follows through on eviction proceedings (with wage garnishment), but is very selective about the houses they manage. 

I'm assuming this is, "business as usual"?

Thanks,

Bob

[James Wachob]

Forming a rockstar team is key for investing, especially for out-of-state buyers. Property Management can be  a tough business and that's why I always tell investors to "set their PM up for success"

Buy homes in good areas, with great renovations,  and don't forget a little style and design.  Too often I get a call from a fellow BP member aking for help. 

As we dig into their issues it often stems from one of these elements. If you have a property in a high crime area with an old roof and 1970's wallpaper or wood paneling it will be hard for ANY property manger to attract a good resident who will take care of the property and stay long-term.

Let me know if I can help in any way. 

James