All Forum Posts by: Abad Marroquin

Julie, 

• Rent Demand Notice: Unspecified notice to pay or quit. According to Georgia laws on eviction, if a tenant fails to pay rent, the landlord may serve a pay-or-quit notice and file for eviction the day immediately following the day rent was due. Written notice is required, but there is no specified amount required (OCGA § 44-7-50).

Theresa, most of my units are duplexes, brick siding, one level buildings. I have to admit that some of the units are not in the best side of town. Most of them are C class with 8 of the 38 units probably D class being in the least desirable area of town, but the pattern is the same. I have told my manager that they don’t have to wait until tenants owe $3000.00  (almost 4 months of no payments) to evict them. I can’t afford to keep losing 3 or 4 months of rent. 

Thank you for your comment. I need to start looking for a more efficient property manager. Also, they are no longer replying to my emails, and I have to call to remind them to send me documents I had already requested by email. 

My manager sends me this monthly Tenant Unpaid Charges Summary. As you the owner reviewing this report, what strength or weaknesses you notice? Is there anything they could do better when it comes to collecting rents, tenants getting behind, and when to start filing evictions. Thank you for your input. 

I used apartments.com when I self managed my Firts units. I have heard a number of other websites that promise to be the best. What else have other investors used? 

I have considered Hiring a VA, but I have not done that yet. Do you guys recommend any good platform/website where I could go and hire one?
Thanks in advance!!!

Hi BP community.

When I owned around 10 units I managed them myself, and I think I did it efficiently. Then as I acquired more units I hired a property manager. As you probably know, most managers will not manage as good as the owner.  For example, I would find a qualified tenant faster, I would not let’s a tenant fall behind in wait until they owe $3K in rent to start the eviction process, or I would respond to maintenance calls faster etc. (Tenants complaining nobody answers the phone when they call or take to long to get back to them). 
Now that I own around 100 units and bringing a million a year in rents, I wonder if hiring a full time employee to help me manage my own units would be a good or bad idea.

The rational is since I am paying around $70K a year I management commission, I could hire a small team to help me manage my units more efficiently.

Has anyone done this? Is it a good or bad idea? I know it will take more of my time until I fully train my assistant to solve 80% of the problems. Should I find ways to help my manager be more efficient instead? 
what would you do in this case. 

Thank you in advance!