I am a first time investor and in process of closing a house in Round Rock area. I am looking to hire a property manager for ongoing management. I have had some referrals in the past but didn't like them for following reasons:
1. Asked for %of rent even if property was vacant
2. Was managing 100+ properties / employee (seems unreasonable)
3. In the 3 times I wrote an agent - I always got out of office reply
4. Asked for a fee for each work done to property (including a markup on any maintenance required).
Looking for recommendations from investors who are out-of-state and have had good experience with a property manager in Round Rock (or neighborhood) areas (I live in CA - SFBayArea).
Many thanks for any help.
Harold McGee has a local property management company. We're getting rid of our old management company and moving our units there. I'm happy to make an introduction if you need one.
Unfortunately property managers think the rental business you have is supporting THEIR business and not yours. I think you'll be mostly disappointed with all management companies. The alternative is to manage them yourself though, which may be a huge pain if you don't have the time or the proximity to manage them.
I am also from the bay area and I am going through the exact same process for a property in Pflugerville.
Keep me posted if you note anyone worthy.
I am thinking of trying to find a Plumber, electrician and handyman try to manage the property myself.
Let me know if you want we can meet for a coffee and discuss (I am in SJ).
In any case, make sure you have an option to get out of the contract with the property manager.
I am using Craig Hecht at HRG. We have only used them for a couple of months but so far so good. You might want to give them a call when interviewing various PM's.
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