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Updated over 1 year ago,
Need to switch Property Managers…
My SFM closed on June 23rd. It’s now August 23rd, and ZERO work has started. I put 8 of those 60 days on inactivity on me because I’ve been sitting here weighing my options, but 52 days of no working being done on the interior, electrical, attic, foundation, roof, etc.
After it took weeks and weeks to get estimates on those things, I got very inflated estimates on everything except the interior flooring (which seemed fair). I got quoted $4k just to remove some concrete before doing $25k of work on the foundation, when the inspector told me pre-purchase that the overall project should be about $7k. I even got quoted $500 to throw dirt around the exterior of one corner of the house to cover exposed foundation (a bad of dirt is $2.97). Moreover, the communication is not good. As a first time investor, I was told by the owner that they’d be my advisors and mentors in this process. Instead, it’s me constantly having the nudge them to do any work, and then only getting 30% of the estimates back every time I list to them what is needed (even though it’s truly their job to identify what is needed. Thank god I’m not an out of town investor lol)
Anyway, long story short, I am going to try to get out of my PM agreement with them…
Before I make that call tmrw or Thursday, I was hoping to get some actual recommendations from you all.
The house is in Hazel Park, so someone that manages Metro Detroit, please. Everyone on Google seems to have either only reviews from renters (not property owners), or doesn’t have reviews at all.
Thanks in advance!