Managing Your Property
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply

Property Managers what will or will they not do?
Hi all,
(First BP post)
I'm new to the scene of REI, but have been really doing my best to engulf myself in the knowledge, between BP forums, podcasts, YouTube's etc, but one of the areas that I'd like to know more about is property management companies.
As I’m starting out and looking into my first property, I’m not near the “nirvana” of property management and leaving my corporate job. Because of this, I will most likely want to look into having a property management company oversee the day to day.
My question is, where is the line between a property management company and the land lord usually drawn? Where are their variables? How do those variable impact cost of a property manager?
For instance, I live in Massachusetts, where we get every type of seasons, from very hot sunny days to nor’easter blizzards with whiteout and freezing conditions.
So we have the normal break/fix stuff but also the lawn care, shoveling and plowing.
Therefore, I’m curious what would I typically have to do and what would a PM company typically do?
(Knowing everything has a price)
Thank you everyone for your feedback and the great “BP” community we are in.
Most Popular Reply

@Bryan Whelan I’ve owned my PMC for over 8 years and I tell people we do everything a landlord needs to do for the property except: write a check for the taxes and mortgage and approve repairs and maintenance. Clients need to respond to our requests for approval and review their reports. Some clients want to be more involved, others want less. In our case we don’t customize much but are very successful with our large portfolio. There are all kinds of PMCs and some boutique ones that will do a la cart pricing.