Property Management and Verifying Condition of Property

[David Gonzalez]

Hello BPer's,

I would like to better understand the Property Management Business. Those of you with Property Managers I wanted to know:

1. How often does your Property Manager visit the property?

2. How do they share the condition of the property with you (i.e. phone call, report etc)?

3. Does it cost you extra for the Property Manager to visit the property?

For those of you who are looking to get a Property Manager:

1. How often would you want your Property Manager to visit the property?

2. How would you like them to describe the condition of the property for you? What format would you like them to report it to you (i.e. phone call, report etc) ?

3. Would you be willing to pay for additional visits to the property beyond once a year?

Thank you for your help!

[Account Closed]

@David Gonzalez I am a property manager and will be happy to answer your questions from this side of things:

1. I do an inspection of the inside of the property every 6 months. I do frequent drive-bys to keep an eye on the condition of the outside. I look at the landscaping, trash in yard, extra cars, signs of too many people, unauthorized dogs, etc.

2. When there is something to report, I email the owner. If nothing interesting is going on (a good problem to have), I still check in with them at least monthly. The owner is free to call me anytime he/she wants.

3. I don't charge extra for drive-bys. It is part of my job to keep an eye on things.

I always let the owner know when someone is moving in or out, as well as when there are any repairs at all. I can't imagine not telling them.

Hope this helps.