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General Landlording & Rental Properties

User Stats

9
Posts
2
Votes
Jordan Payne
  • Rental Property Investor
  • Houston, TX
2
Votes |
9
Posts

Property Manager in Lubbock, TX

Jordan Payne
  • Rental Property Investor
  • Houston, TX
Posted Jan 6 2022, 06:05

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?

User Stats

36
Posts
25
Votes
Travis Turner
Property Manager
Agent
  • Real Estate Agent
  • Lubbock, TX
25
Votes |
36
Posts
Travis Turner
Property Manager
Agent
  • Real Estate Agent
  • Lubbock, TX
Replied Jan 6 2022, 07:24

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

User Stats

118
Posts
49
Votes
Stuart Chinworth
  • Realtor
  • Granbury, TX
49
Votes |
118
Posts
Stuart Chinworth
  • Realtor
  • Granbury, TX
Replied Jan 6 2022, 09:13

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. 

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Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
4,122
Votes |
4,205
Posts
Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Replied Jan 6 2022, 10:02
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? 

User Stats

547
Posts
214
Votes
Scott R.
  • Real Estate Investor
  • Amarillo, TX
214
Votes |
547
Posts
Scott R.
  • Real Estate Investor
  • Amarillo, TX
Replied Jan 6 2022, 10:33
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 

User Stats

118
Posts
49
Votes
Stuart Chinworth
  • Realtor
  • Granbury, TX
49
Votes |
118
Posts
Stuart Chinworth
  • Realtor
  • Granbury, TX
Replied Jan 7 2022, 08:53

Hey @Scott R. I'll send you a PM. 

User Stats

36
Posts
25
Votes
Travis Turner
Property Manager
Agent
  • Real Estate Agent
  • Lubbock, TX
25
Votes |
36
Posts
Travis Turner
Property Manager
Agent
  • Real Estate Agent
  • Lubbock, TX
Replied Jan 7 2022, 16:24
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 !

User Stats

29
Posts
9
Votes
Replied Aug 11 2022, 00:38

@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

User Stats

118
Posts
49
Votes
Stuart Chinworth
  • Realtor
  • Granbury, TX
49
Votes |
118
Posts
Stuart Chinworth
  • Realtor
  • Granbury, TX
Replied Aug 11 2022, 03:12
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. 

User Stats

9,861
Posts
5,526
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
5,526
Votes |
9,861
Posts
Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied Aug 11 2022, 06:19

TRE property management. WE are in house, happy to put you in touch 

User Stats

7,482
Posts
4,052
Votes
Drew Sygit
Property Manager
Agent
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
4,052
Votes |
7,482
Posts
Drew Sygit
Property Manager
Agent
#2 Managing Your Property Contributor
  • Property Manager
  • Royal Oak, MI
Replied Aug 12 2022, 04:42

@Jordan Payne

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”:

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😊

User Stats

77
Posts
44
Votes
Michael Mendez
  • Real Estate Agent
  • Lubbock Tx
44
Votes |
77
Posts
Michael Mendez
  • Real Estate Agent
  • Lubbock Tx
Replied Oct 17 2022, 07:45
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?

 @Jordan Payne

Just wanted to see how your property is going 9 months later, did you find a good property manager? 

User Stats

1
Posts
0
Votes
Replied Dec 15 2022, 14:04

@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

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