All Forum Posts by: Heath Sizick

Aja, why are they turning you down? What is holding them back? And there a plenty of folks in here from the Midwest - you may be able to find a realtor, investor, & maybe even a PM here in your town that can assist. 

I agree with Cole. Don't settle for mediocrity. Where are you located? I would keep looking. Where are you located? Depending on location, there could be a newer company that is eager to build their company.

Hi Daisy, I am in Hampstead. I attend a few network meet-up's in the area. I would love to connect with you & introduce you to some folks.

Welcome to BP from Wilmington!

Hello Aasem,

I am in North Carolina & I am the business developer for a growing property management company. I can't help you with recommendations in Texas, but I can provide you with some things to consider.

- As much as reviews are not perfect, they definitely are useful. If any company has a 100% of 5 out of 5 reviews on Google that is a red flag - unless they are just starting out. Look for a company with at least 3+ years of experience & look for 4.6 & up. You can almost always throw away the 1 star reviews because they are likely angry clients or never were even clients. And some of the 5 stars you can throw out too because they are family or friends. That is where having a company with 3+ years experience helps because they will have more reviews over a longer period of time.

- Don't get hung up on management or leasing fees. 9% or 11% won't break your bank. Most companies will have similar fees.  Remember, you get what you pay for. Value is most important. As Warren Buffet says, "Price is what you pay. Value is what you get." 

- Ask good questions about managing maintenance. This coincides with satisfied tenants. Maintenance can also be a profit center for PM companies. Ask them if they upcharge on maintenance (this isn't a bad thing, but understand why & if it makes sense for you). Learn their processes in handling maintenance calls.

- Ask questions that will help you discern how effective managing they are. Questions like: How many evictions they have had? What percent of their tenants pay on time? What is their process if a tenant is late on a payment (look for proactivity)? Ask how they care for their tenants - if they have any tenant benefit programs (ex/ reporting their rent payment to credit bureaus, renters insurance, air filter provision, etc.).

You can also check their net promoter score if you can find it. How well & professionally do they communicate with you? Do they call or email you back within 24 hours?  Look for best fit with your goals. 

Best to you!

Hey Micah. Welcome to BP. With Fort Liberty (I am almost said Bragg) you should have no trouble with tenants! I am near Camp LeJeune & we have many Marine/Navy owners of LTR & many tenants. Wish you the best. 

Hey George. Welcome to BP. I am in Wilmington & I work in property management. Would love to connect if you are in the area. 

Welcome Melanie. Jumping all in with real estate I see - that is what we did too. My wife is a real estate agent & I work for a property management company. So many opportunities. Wish you the best!

Congrats Walter! That is exciting. How much you going to rent it for? Best to you!

I agree with everything said above. Find a trusted handyman to help, use Zillow or other listing platforms, or hire a property management company if you to minimize headaches. Whatever you choose just be sure you leverage your resources & interview multiple handymen or PM companies.