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Updated about 2 years ago on . Most recent reply

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Greg R.
  • Investor
  • Dallas, TX
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Remote property management company??

Greg R.
  • Investor
  • Dallas, TX
Posted

Hello all,

I'm not sure if what I'm looking for exists, but I'll ask. In an ideal world I'd have a remote property management company who has a limited scope of work, but is the primary interface with the tenants. In this scenario I would list the property, screen the tenants, and draw up the lease. However, from that point I don't want any interaction with the tenants. No text messages about a neighbor's barking dog, or a light bulb that burned out. 

I would want to pay a remote property management service to be the point of contact for the tenant, make sure rent is paid every month, remind me when the lease is expiring in 60-90 days, and handle small issues. 

If there were any big issues such as needing to address a major repair or evict a tenant, I would handle that. For this arrangement I might "technically" be the PM, but the company would be acting in the capacity of my assistant and doing all the work that I don't want to do. 

Do any companies like this exist? 

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Greg R.:

Hemlane sounds great . . . until it's not. If you think a computer system is going to replace human property management and still perform as well, you are in for a surprise. They will do the bare minimum to survive with their 2% management fee and $300 leasing fee.

Most property managers, particularly good ones, will not work with you because it requires them to deviate from their business model. It's not easy to manage hundreds of properties with one process and then change their processes for you and your one rental.

  • Nathan Gesner
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