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Updated over 3 years ago on . Most recent reply

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Travis Mullen
  • Lender
  • CA & AZ
5
Votes |
8
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How long should I give a Property Management company?

Travis Mullen
  • Lender
  • CA & AZ
Posted

Hi All, I'm a new landlord with a duplex in Montgomery, AL.  It closed in the last few days of September. Now we're 2 months in, and the 2nd side is still not rented.  I was told market rent was going to be about $650-675.  We've had it down to $625 for the past month and hardly any qualified applicants according to the PM.  A fellow BP friend told me to post in on Facebook Marketplace, and I probably have received about 150 inquiries, and I would send them the info and the link to apply.  The PM still says nothing is coming in.  I'm concerned, and not sure if this is normal, or if I should be interviewing other PMs.  I did get this PM as a reference within BP so I had a certain base level of trust going in.  

Most Popular Reply

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9,999
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18,565
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,565
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9,999
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied
Originally posted by @Travis Mullen:

Hi All, I'm a new landlord with a duplex in Montgomery, AL.  It closed in the last few days of September. Now we're 2 months in, and the 2nd side is still not rented.  I was told market rent was going to be about $650-675.  We've had it down to $625 for the past month and hardly any qualified applicants according to the PM.  A fellow BP friend told me to post in on Facebook Marketplace, and I probably have received about 150 inquiries, and I would send them the info and the link to apply.  The PM still says nothing is coming in.  I'm concerned, and not sure if this is normal, or if I should be interviewing other PMs.  I did get this PM as a reference within BP so I had a certain base level of trust going in.  

 Facebook marketplace is pretty junky in my market. Lots of interest but people are flakey or unqualified. I don't even use Facebook any longer. Where does your PM have the property listed? Do they have yard signs? 

  • Joe Splitrock
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