
10 January 2024 | 5 replies
Currently, you can break PMCs down into 3 categories:1) Small mom & pop PMCs: Pros - one call for everything, very hands-onCons - usually very unorganized, which leads to mistakes, if they are sick you have no one to get ahold of2) Medium sized PMCsPros - organized, several backup points of contact, overall better serviceCons - things may take longer as more hands involved, stricter procedures can be frustrating3) Large PMCsPros - more data analysis for better service, more predictable servicesCons - even more hands involved, unique challenges often ignored (no process to handle them)Red flags:- Short agreement that leaves a lot open to interpretation, which usually means to their benefit- Not a lot of details shared about HOW they will execute their services, so no accountability- Tell you not to worry and trust them, when they haven't earned your trust yet- Don't have a website or owner portal- Aren't properly licensedYour biggest challenge will be screening to find a good one!

11 January 2024 | 15 replies
I'm using this time to learn, in practice vs. theory, the day to day running of a PM company so that when I make the jump to full time I've got policies and procedures in place and wont have to ask as many questions like this.

11 January 2024 | 17 replies
Yes, as it's been stated on this thread, STRs are residential assets and thus, are going to be valued based off sales comps, as is standard procedure.

2 February 2019 | 10 replies
So in that instance if that is there personality style by all means i think they would be better off with the PM who just follows written procedures with no thought to extenuating circumstances for the tenant..

11 January 2024 | 10 replies
If however, they are intentionally avoiding communication in the way you described and forcing me to chase them down for rent; then I continue with the eviction procedure.

16 January 2024 | 1 reply
If this is not obvious to you, then I'm afraid that you may be making other similar mistakes in your business operating procedures.

19 January 2024 | 0 replies
This includes understanding regulations related to rental properties, fair housing laws, eviction procedures, security deposits, and more.

4 January 2024 | 13 replies
They know the procedure and the experts to use.

18 January 2024 | 5 replies
I will be graduating from dental school in May and I have accepted a job in Oklahoma.

19 January 2024 | 1 reply
Hello,I rentla property in FL. MY tenant signed a one year lease (Lease 1) and for the second year, I did a lease renewal using Rocket Lawyer lease renewal template that refers to the Lease 1 for comprehensive terms ...