Property Management Referrals

[Karla Talancon]

Hi Sacramento Area Investors,

Can anyone recommend any property management companies?

[Richard Goore]

Hi Karla. I’d recommend Grow Property Management.  I recommend them for all my clients and they do a great job.  Msg my friend Kyle (Owner).   let him know I sent you! Happy to help if you need anything else In Sacramento.   

growproperties.com

[Gabe T.]

@Karla Talancon

Check out Tiner Properties. John Tiner (owner) lists his cell phone on the website and he really picks it up. They helped me renovate my investment first before putting it up for lease (helps if you’re starting out and don’t have all the contacts). And price is very reasonable, $150/mo for duplex and $100 for single home, minus half 1st months rent for placing the tenant. Professional accounting service that is always on time depositing. Good luck!

[Drew Sygit]

@Karla Talancon

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

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😊

[Karla Talancon]

Quote from @Gabe T.:

@Karla Talancon

Check out Tiner Properties. John Tiner (owner) lists his cell phone on the website and he really picks it up. They helped me renovate my investment first before putting it up for lease (helps if you’re starting out and don’t have all the contacts). And price is very reasonable, $150/mo for duplex and $100 for single home, minus half 1st months rent for placing the tenant. Professional accounting service that is always on time depositing. Good luck!

 Thank You! We may need some rehab help for some minor repairs. So this seems like a good fit. 

[Jessica James]

@Karla Talancon let me know who you decided to go through! I am also keeping my eye out for a good property management company for my clients! Thank you @Richard Goore and @Gabe T. for the referrals!

[Kelsey Bailey]

Please feel free to reach out in regards to your request for recommendations. I'm happy to chat! Thank you, 

[Karla Talancon]

Quote from @Jessica James:

@Karla Talancon let me know who you decided to go through! I am also keeping my eye out for a good property management company for my clients! Thank you @Richard Goore and @Gabe T. for the referrals!

 I really liked Tiner Property Management however, because of the location he referred Peak Residential. I will let you know how it goes!