Taking over Moms property management business.
Other than "don't do it!!!" would anyone care to share your best advise and perhaps top pet peeves about property managers you have worked with while managing your investment properties.
We are managing 18 properties for 10 different owners/investors.
Thanks!
Paul
Most Popular Reply
Our biggest complaint with property managers has been lack of communication. If something is going on with the property or tenants, we would much rather hear about it sooner than later (or not be told at all). If an owner leaves you a message or emails you with a question, respond promptly (preferably within 24 hours). If you say you will get back to them within a certain amount of time, do it.
The relationship has to be built on trust, and if you take days or weeks to get back with an owner on something, they are going to start questioning that trust.