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Property Manager in Lubbock, TX
I own a single family rental property in Lubbock that will be tenant ready in February. Can anybody recommend a trustworthy, professional, and technologically savvy property manager?
Hey Jordan! We can connect. I own and operate a property management company here in town! We are very competitive with our structure. Trueassetpm.com
Hey Jordan. I will send you a message on who we use. They have been very professional and made our lives as out of town investors much easier.
Originally posted by @Travis Turner:Hey Jordan! We can connect. I own and operate a property management company here in town! We are very competitive with our structure. Trueassetpm.com
@Travis Turner is there demand for Sort Term Rentals in Lubbock or Amarillo or Midland/Odessa?
Originally posted by @Stuart Chinworth:Hey Jordan. I will send you a message on who we use. They have been very professional and made our lives as out of town investors much easier.
Hello Stuart,
I’d love to hear who your using as well. Am currently moving into this market
Hey @Scott R. I'll send you a PM.
Originally posted by @Account Closed:Originally posted by @Travis Turner:Hey Jordan! We can connect. I own and operate a property management company here in town! We are very competitive with our structure. Trueassetpm.com
@Travis Turner is there demand for Sort Term Rentals in Lubbock or Amarillo or Midland/Odessa?
Yes there is a demand for short term rentals, and Airbnb type property especially with oil coming back some. I also manage and host AIRBNB properties for clients. We run a full scale management company that offers some of the best terms, and we also have a construction and remodeling wing to our business. We offer a few things no one else has In town. Feel free to message me !
@Stuart Chinworth
Hi Stuart we have two buildings in Lubbock the PM company we use is not that good
Do you have any recommendations for out of state investor?
Thanks Jon
Quote from @Jon Feldman:
@Stuart Chinworth
Hi Stuart we have two buildings in Lubbock the PM company we use is not that good
Do you have any recommendations for out of state investor?
Thanks Jon
@Jon Feldman Location Rentals is who we use and they are fantastic. I'll PM you our contact over there.
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
TRE property management. WE are in house, happy to put you in touch
#2 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
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#2 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
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, 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”:
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😊
Quote from @Jordan Payne:
I own a single family rental property in Lubbock that will be tenant ready in February. Can anybody recommend a trustworthy, professional, and technologically savvy property manager?
Just wanted to see how your property is going 9 months later, did you find a good property manager?
@Stuart Chinworth
Hi, Stuart:
Could you please send me info regarding the property manager in Lubbock that you recommend as well?
Thank you!
Scott Segel