Property managers in Keene, New Hampshire

Property managers in Keene, New Hampshire

Member since 2023 · 2 posts · 0 votes

Good morning everyone,

I am looking for recommendations for property managers in Keene, New Hampshire. I have my eye on a two family investment property in Keene New Hampshire and I’m hoping to get a trustworthy and reliable property management/ manger on my team. Please let me know if you have any experience in the area and any companies that you would recommend.

Thank you!

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
3y

@Kris Roy

Even if someone give you a referral, don’t make the mistake of assuming that PMC will meet your expectations, just because they met the expectations of the referral source.

We also can’t believe how many owners hire the first PMC they speak with!

Then they complain their expectations aren’t being met!

In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

It's often a case of not doing enough research, as they don't know what they don't know!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.

EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean? What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.? You’d be shocked by how little actual screening many PMC’s do!

This also leads owners to ASSUME simpler is better when it comes to management contracts.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord. Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:

https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

P.S. If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general. Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Please send us any feedback via email, as we do not use the DM feature here.
Also, if you like our response, please don’t be shy about giving us a vote😊

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7 Replies

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  • Walpole, NH · Member since 2018 · 66 posts · 34 votes
    3y

    Most people in the Keene area use Ann Connor at Unicron Property Management. The office is in Marlborough, NH. I've never had a property manager. I self manage. However, i know her personally and i do think she's smart, trustworthy, and competent... and she is very experienced. 

  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    3y

    @Kris Roy

    Even if someone give you a referral, don’t make the mistake of assuming that PMC will meet your expectations, just because they met the expectations of the referral source.

    We also can’t believe how many owners hire the first PMC they speak with!

    Then they complain their expectations aren’t being met!

    In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

    It's often a case of not doing enough research, as they don't know what they don't know!

    Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

    So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.

    EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean? What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.? You’d be shocked by how little actual screening many PMC’s do!

    This also leads owners to ASSUME simpler is better when it comes to management contracts.

    The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

    We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord. Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

    We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:

    https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

    We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

    EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

    P.S. If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general. Take ownership of your mistake and learn to do the proper due diligence recommended above😊

    Please send us any feedback via email, as we do not use the DM feature here.
    Also, if you like our response, please don’t be shy about giving us a vote😊

  • Jaylan ArcherBusiness Member
    Real Estate Agent · Portsmouth, NH · Member since 2014 · 150 posts · 65 votes
    3y

    Hey Kris!

    My office has a company out of it with one of the larger property management portfolios. Universal Property Management would be happy to meet with you to go over the market and how they work.

    I am sure they also can provide a list of current and past property owners that have their units with them.

    Hope that helps!

    Archer and Associates of KW Coastal587 Reviews
  • Realtor · Keene, NH · Member since 2018 · 38 posts · 14 votes
    3y

    @Kris Roy Hi Kris, I second Sasha, Ann Connor with Unicron is who I usually recommend to people. Let me know if you have any other questions about the Keene market, I am an agent and investor here!

  • Walpole, NH · Member since 2018 · 66 posts · 34 votes
    3y

    One other thing to mention is that Keene's a small town. To my knowledge, there's not a bunch of big property management companies to choose from. If you want to select from a bunch of different options, you're going to have to ask around. 

  • New to Real Estate · Pittsfield, MA · Member since 2022 · 64 posts · 19 votes
    3y
    Quote from @Jaylan Archer:

    Hey Kris!

    My office has a company out of it with one of the larger property management portfolios. Universal Property Management would be happy to meet with you to go over the market and how they work.

    I am sure they also can provide a list of current and past property owners that have their units with them.

    Hope that helps!

     @Jaylan Archer I dont see Keene on your list of towns served 

  • Jaylan ArcherBusiness Member
    Real Estate Agent · Portsmouth, NH · Member since 2014 · 150 posts · 65 votes
    3y

    Hey Timothy! 

    Sorry about that - looks like you are right. I thought that they did most of New Hampshire but it looks like they haven't made it out that far west yet.

    Archer and Associates of KW Coastal587 Reviews
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