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Bob Beach
  • Rental Property Investor
20
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70
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Property Managers, Red Flags?

Bob Beach
  • Rental Property Investor
Posted Feb 29 2024, 17:57

We have one rental in Jackson and now on our second property manager. First was Evernest, (never again). Now, a Mom and Pop style PM. I don't want to say who since I'm not 100% sure what's going on. First red flag, the PM brought up a small "safety hazard" repair. A couple 6' boards and paint for something like $500. Then, a plumbing issue. They brought in a "plumber", said the house had multiple leaks in the pipes, needed re-piping and concrete broken up to fix the second leak. Estimate is $4500. I had Roto-Rooter go get me a second estimate and they say, "there's no leak. Water pressure holds at the meter. Pipes are fine and doesn't need re-piping".  Total cost to me = Free estimate. 

Anyone investors have similar experience?

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