All Forum Posts by: Priya Thomas

As investors, we struggled to find good a PM / property manager to manage our properties, when things didn't work out as we expected we started managing our own. My business partner & I own about 40 units and he is an agent as well. Recently we started managing properties to few of our friends. 

As investors, we didn't like several things in PM business starting with tenant placement fee - we felt that this is a conflict of interest. Certainly placing tenant is very difficult and time consuming things to do. If there is no incentive to place new tenants, as a PM, one will do everything they can to get quality tenants and ensure that they don't leave. Also there are other bad (dishonest?) practices like padding the repairs, hidden fees, poor communication etc.

Currently we charge a flat 10% to manage the properties - PERIOD. No other charges, no hidden fees, most importantly no tenant placement fee. Our promise is that we will treat every single property as our own, we care for your investment and bottom line. A PM can make or break your investments. We use Buildium, we are part of a small brokerage and we comply with all state and federal laws reg Property Management. We are based out of Cincinnati, Ohio

If you would like, we can set up a call to discuss. 

Thank you,

Priya.

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Brokerage: InternetAgentsUS

We are based out of Cincinnatio, Ohio. My business partner and I  own about 40 units and PM has been always a challenge. We had our own struggles finding the right people. Once we found we tried to stick with them For the past 3 years we have been building our team. My business partner is also an agent / broker so that helped us. Finding a good PM is a challenge and there aren't many in my opinion. Recently we started managing a few properties for friends as well.

@Deep Johal ok - Why will they sign that? One of the way GC/contractors to recoup money unpaid is by placing lien., I am not sure good GCs will sign such document.

Doug - Hit me on IM, i can provide my handyman details.

Thanks for the heads up. What is lien waiver?

It is bad !! PM companies like these are disgrace to the community. Fire them and get alternate ASAP !!

Well said !!!!!!!!!!!

 There are revised guidelines by Freddie & Fannie on VOE., they relax it to verify after the closing within 45 days or something like that. Your lender should be aware of this.

Hello, 

What are some of the advantages and or disadvantages of hanging your license with flat monthly fee broker? I am based out of Cincinnati OH, So any suggestions comments are welcome.

what is the rent?