Gents,
Thanks for the quick responses. As for the specific companies, I'll PM you as I don't want to slam them here.
However, on a general basis here's the issues I'm finding with PM companies in the area. Companies only want to manage the nice properties (middle to upper class) neighborhoods. Fortunately, most of these folks pay their rents on time, even with direct deposits, and rarely have any issues. Hell, I can manage a property like this myself. No need to pay a PM company 10 percent.
My properties are in lower middle income areas. Tenants are late and have to "managed". I understand this and pay a premium for these hassles (12-15 percent).
Unfortunately, the PM companies give up and quit or the ones who stick around don't respond to my emails and calls. I'm a long distance landlord and pretty much of a hands off kinda guy. My belief is hire the right people, pay them well, and let them do the job you hired them to do. With this said, I expect emails and calls to be answered within a 24 hour period. I'm up to 5-6 days with no response. Feels disrespectful.
Charleston (specifically North Charleston) has some great cash flowing properties. The only thing holding be back from snatching up more is the lack of a reliable PM company who can manage these types of tenants.
Makes me think, who is managing these lower middle income properties of the current owners. I assume they are self managed.
I'm even starting to consider opening mine own PM company to specifically target these type properties and long distance landlords.
In conclusion, Charleston has tons of PM companies for middle and upper class properties but none for lower middle income properties.