Property Management - what value are they adding

[Satya Surendra]

I’d like to get feedback from other investors on property management value and what are my better options to manage it remotely as properties are in different states.

My current PMs never visits the property and simply dispatches contractors for repairs. Anything under $500 is approved automatically, and for items above $500, they don’t seek a second quote. They also charge separately for evictions.

In two cases (both AC repairs), I found licensed and bonded contractors offering much better pricing than what my PM arranged.

Given this, I’m wondering — what’s the real value-add if the management company simply outsources everything at potentially noncompetitive rates?

[Daniel Suarez]

I have 9 rentals an hour away, about 16 tenants and a w-2. I don’t have a PM and manage it myself.

I’ve been pondering getting a PM but what you’re mentioning makes it not worth it. And I know most of the PMs are like that