Hello BP community! Deciding between two property management companies in Jacksonville, Florida to manage my fourplex. JWB property management & Metropolitan property management. Do any investors work with these companies? If so, your experience with either. Thank you!
I am not familiar with either of them but I would ask both for a few owners you can talk to. Read the google reviews as well - the bad ones are not always bad. Sometimes tenants complain and it is a good way for you to see how the company handles these issues.
We've picked up a number of units from one of those two companies, and one thing I've learned about is handcuff agreements that bind the relationship for a certain period of time, or hefty costs to separate. Look into costs and notice periods to terminate if you're not happy. One such agreement bound the relationship for the duration of a tenant's stay placed by company, and the only work around was to not renew what might've been a long- term tenant.
As a national brand, we likely have the most lenient separation policy: 30 days- notice after 4- month earnings, or one full month rent if less than that.
Hi Daniel! Definitely look at reviews in depth. Like David mentioned above, some tenants will complain no matter what but you'll still want to look at both good and bad reviews from both owners and tenants. Some companies will be good with owners but not good with the tenants and at the end of the day if they don't take care of the tenants, you'll have more turnover and more costs. I sent you a DM. Our company Thirdstone Properties manages 500 units in Jax. Let me know if you want to chat :)