All Forum Posts by: Matt Sullivan

Hello BP community! I am would like to hire an experienced property manager (hopefully one managing thier own properties but not solely necessary) as a consultant for operational and accounting issues that arise. If you know of an accomplished professional that offers these services, I would love to speak to them.

Hi Dave, did you have any luck with this post?

Timmi, very kind of you to follow up and great advice like others on this thread. I loved your "should be seamless" statement. Unfortunately, the prop management agent is not being helpful in the transition. They will not speak to me over the phone, are not providing me basic information requested, wont follow up on insurance claim questions and I have just found they have been charging me a "releasing fee" even though my contracts expressly state they should not. I can sort of understand their position, they must be upset and feel they have done tons for us, its a big loss for them but I have to produce a greater ROI or I risk my business.

Hoping the community might provide me some references to wix or WordPress designers. Many thanks in advance for any recommendations.

Thanks Drew.  I am kind of a all or nothing person.  The properties will transition over many months allowing me to learn along the way. Any big mistakes you think I should look out for?

Thanks Greg. Incredibly valuable.

Hi, this is my first post. I have looked through the forums for advice on the above question but was hoping for more advice, pitfalls to be aware or things members whom have gone through this transition wish they would have done but didn't before the transition from property manager to self management.

My wife and I own ~80 units spread out over 6 buildings.  We are trying to get our portfolio more profitable and are tired of all the fees beyond the management fee that are impacting returns. The property management company has been professional but we need to make more money. We are OK to trade our time to self manage (for the time being). Our buildings under current management will be terminated one by one over the next 6 months (we don't have one date for contract renewal for all buildings which seems was a mistake now).

I would love advice on how to form a plan from anyone that has done this before to take over this portfolio in a way that is the least disruptive for tenants and smoothest for us, most importantly not impacting revenue. I have signed up with Buildium and am in the beginning stages of setting up that property management system.  I am worried about many big and small issues like; getting a website set up (any recommendations or anyone interested?), accounting set up, lease transfer, payment processing, getting the photos of the units back since we paid the property management firm to hire a photographer for us, parking signs, etc.  

Any advice on any of the following: (1) a transition plan, (2) things I might easily miss doing, (3) actions you wish you would have taken before the transition to self management and (4) mistakes made and lessons learned.

Many thanks in advance for your thoughts.