Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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

User Stats

7
Posts
1
Votes
Bryan Whelan
  • Specialist
1
Votes |
7
Posts

Property Managers what will or will they not do?

Bryan Whelan
  • Specialist
Posted

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

User Stats

93
Posts
74
Votes
Jennifer Ruelens
  • Property Manager
  • Williamsport, PA
74
Votes |
93
Posts
Jennifer Ruelens
  • Property Manager
  • Williamsport, PA
Replied

@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.

Loading replies...