(asking for a friend)Looking for recommendations for Property Managers in Boise Idaho

[Robert Zajac]

Hello! I have a friend with a vacant property in Boise Idaho that she's looking to fill and would like the help of a property manager to do so (and to manage after the fact ofc). Can I get some recommendations for good PMs or PM companies in that area? If you are one and you're interested, please reply with any sort of pamphlet of your prices and services. Thank you:)

[Michael Smythe]

@Robert Zajac

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.

Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.

Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

To avoid going through the same poor experience, keep reading.

Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.

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 – so, they often select the first PMC they call or that calls them back!

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!

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings. Why do you think purchase contracts are so long and have such small print?

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😊

[Nathan Gesner]

It's important to understand that cheaper does not mean better. Price is important, but it's more important to know what services they provide and the quality of those services. Just like tenant screening, you must know what a good PM looks like, screen to find a good one, then supervise them to ensure they perform to your agreement.

[Sean O'Keefe]

@Robert Zajac

We work with a lot of real estate investors that provide us with intel on who the top property managers are. I'd be happy to give you some unbiased feedback on PMs in Boise Idaho.

[Joey Banasihan]

@Robert Zajac, I just sent you a message! Our sister company, Boise Turnkey Property Management would be happy to help!

[Robert Zajac]

Quote from @Sean O'Keefe:

@Robert Zajac

We work with a lot of real estate investors that provide us with intel on who the top property managers are. I'd be happy to give you some unbiased feedback on PMs in Boise Idaho.

 I would love that! Do you have any recommendations off the bat? 

[Sean O'Keefe]

Quote from @Robert Zajac:

Quote from @Sean O'Keefe:

@Robert Zajac

We work with a lot of real estate investors that provide us with intel on who the top property managers are. I'd be happy to give you some unbiased feedback on PMs in Boise Idaho.

 I would love that! Do you have any recommendations off the bat? 

Sent!

[Tanner Jenkins]

We would love to take care of you over at Real Property Management. Give us a call.