Does anybody have some recommendations for good property managers in the Bryan/College Station area in Texas? Your help is appreciated!
I believe the best way to find a good property manager is to seek a property manager out and has invested in advanced training and education and has attained designations, usually they also have years of experience.
The best place to go to search for good property manager National Association of Residential Property Managers. www.NARPM.org
You are able to search for members in your local area and then look for members with designations like Residential Management Professional (RMP) or Master Property Manager (MPM). These are property managers that are cut above the rest, and the ones that can be trusted to provide quality service and care for your investment property.
Also another designation to look for if you can find it is a company that has there CRMC designation. There are only about 50 management companies that are Certified Residential Management Companies. (CRMC).
These are companies that have been audited by the National Association of Residential Property Managers and have demonstrated a high standard for both procedures and customer service.
I will add to @Account Closed
Go to IREM.org search for ARM certified property managers. Call 5 ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.
I will add to @Mark F.
IREM property managers primary specialize in multifamily.
NARPM property managers primary specialize in single-family in duplexes.
So depending on the type of investment properties that you have is which organization you should look at.
Thanks for the feedback, I really appreciate it!