Taking over Moms property management business.
4 Replies
Paul LaValley
Real Estate & Property Management from San Antonio, TX
posted almost 4 years ago
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
Arlan Potter
Investor/Accountant/Builder from Meno, Oklahoma
replied almost 4 years ago
Do you have to have a license in Texas?
Andy H.
Investor from Stockdale , Texas
replied almost 4 years ago
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.
Allison Karrels
Investor from Gainesville, Virginia
replied almost 4 years ago
I agree, quick communication is what I expect from my property managers and it is very annoying when I don't get an answer that same day or the next at the latest.
Paul LaValley
Real Estate & Property Management from San Antonio, TX
replied almost 4 years ago
Arlan,
Mom has the brokers license (over 35 yrs experience) and I will have my TX real estate salesperson license by the end of this month.
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