Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

298
Posts
79
Votes
Tony Velez
  • Hvac
  • North Haven, CT
79
Votes |
298
Posts

Property management advise

Tony Velez
  • Hvac
  • North Haven, CT
Posted
Im looking to buy a single family home as my first investment property. I'm new to this. If I decide to hire a PM...,what exactly am I paying for? What do they actually do?

Most Popular Reply

User Stats

1,959
Posts
1,199
Votes
Adam Bartomeo
#3 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
1,199
Votes |
1,959
Posts
Adam Bartomeo
#3 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
Replied

They handle everything that deals with the tenant. If you find a good one (it is difficult) they will find them, qualify them, enforce rules, evict them and converse with them. They will charge you extra for anything else. New water heater, AC, or light bulb they usually have their own employee fix it and charge you a heavy fee. If you find a good one they are worth their weight. 

I would suggest managing your own for the first few. It's not very difficult and you will get a hands on experience that will allow you to better qualify a good property manager.

business profile image
Bartomeo Property Management
4.8 stars
111 Reviews

Loading replies...