Property Management Recommendations in Oxford, MS?
Real Estate Investor · Hoover, AL · Member since 2017 · 4 posts · 0 votes
Property Management Recommendations in Oxford, MS?
Most Popular Reply
Josh CissellBusiness Member
Property Manager · Oxford, MS · Member since 2017 · 37 posts · 19 votesQuote from @Chris Seveney:
@Donnie Brimm
What about investor friendly agents. I was looking at some property and made six calls to agents and not one has called me back….
This is an old post, but I thought I would give a few suggestions here for anyone looking for property management in the future.
Getting a good property manager can make or break your rental investing experience. If you're investing in real estate as a passive investment, it should be hands-off for you. It should NOT be a passive gig for your property manager, too. Unfortunately, sometimes that happens, and it doesn't end well. These are all the horror stories you read about property managers.
Of course, as a management company owner, I will recommend using a full-time property management company. Real estate sales and rental property management are very different ballgames. Both require a real estate license, but the license requirements in Mississippi are focused on sales and have little to do with rental property management.
A rental property is a significant asset, and you want to make sure you have the best manager to ensure years of worry-free investing. If it appears that a company or agent spends a large portion of their time on general sales, you need to ask how much time and money they invest in their property management business. Are they staying on the cutting edge of the property management industry, OR are they pushing hard to grow their sales business? It's difficult to do both. A full-time property manager can handle representing their clients in buying new investments, but that isn't the same as someone whose primary focus is listing properties and representing average buyers who need to be shown properties for months before purchasing.
You also want to make sure you and the property manager you hire are a good fit. A bad fit won't be fun in the long run. If you're the type that wants to be heavily involved and your manager doesn't allow it, you're not going to be happy. On the opposite end, if you want a hands-off approach, and your manager calls wanting your input all the time (a glorified gopher), you should have just managed the property yourself.
As far as sales agents go, you need one who understands the market and will also ensure you get the correct numbers from a property manager who does this daily. You don't want to purchase based on speculative rental rates from other agents. We work with many agents to make sure they have accurate comps for their clients.
I've managed property in Oxford since 2007 and would be happy to speak to anyone interested in the Oxford market.
Josh Cissell
Cissell Management Co., LLC4.997 Reviews
7 Replies
- Oxford, MS · Member since 2017 · 3 posts · 1 vote8y
Summit is probably the largest one, but I have an investor friend that was working on setting one up, so let me check if he is ready for management.
- Real Estate Investor · Hoover, AL · Member since 2017 · 4 posts · 0 votes8y
@Donnie Brimm Thank you - please let me know if your friend does set one up.
- Oxford, MS · Member since 2017 · 3 posts · 1 vote8y
@Will Graham I sent you a PM with details.
- Rental Property Investor · Denver, CO · Member since 2019 · 7 posts · 5 votes5y
@Donnie Brimm I’m also interested In getting connected with your friend if he ended up starting a property management company. Please let me know what his contact information is as my sister in law owns a property in Oxford and is in need of a PM ASAP. Thank you in advance for your help!
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes4y
@Donnie Brimm
What about investor friendly agents. I was looking at some property and made six calls to agents and not one has called me back….
7e investments53 Reviews - 2yJosh CissellBusiness MemberProperty Manager · Oxford, MS · Member since 2017 · 37 posts · 19 votes
Quote from @Chris Seveney:
@Donnie Brimm
What about investor friendly agents. I was looking at some property and made six calls to agents and not one has called me back….
This is an old post, but I thought I would give a few suggestions here for anyone looking for property management in the future.
Getting a good property manager can make or break your rental investing experience. If you're investing in real estate as a passive investment, it should be hands-off for you. It should NOT be a passive gig for your property manager, too. Unfortunately, sometimes that happens, and it doesn't end well. These are all the horror stories you read about property managers.
Of course, as a management company owner, I will recommend using a full-time property management company. Real estate sales and rental property management are very different ballgames. Both require a real estate license, but the license requirements in Mississippi are focused on sales and have little to do with rental property management.
A rental property is a significant asset, and you want to make sure you have the best manager to ensure years of worry-free investing. If it appears that a company or agent spends a large portion of their time on general sales, you need to ask how much time and money they invest in their property management business. Are they staying on the cutting edge of the property management industry, OR are they pushing hard to grow their sales business? It's difficult to do both. A full-time property manager can handle representing their clients in buying new investments, but that isn't the same as someone whose primary focus is listing properties and representing average buyers who need to be shown properties for months before purchasing.
You also want to make sure you and the property manager you hire are a good fit. A bad fit won't be fun in the long run. If you're the type that wants to be heavily involved and your manager doesn't allow it, you're not going to be happy. On the opposite end, if you want a hands-off approach, and your manager calls wanting your input all the time (a glorified gopher), you should have just managed the property yourself.
As far as sales agents go, you need one who understands the market and will also ensure you get the correct numbers from a property manager who does this daily. You don't want to purchase based on speculative rental rates from other agents. We work with many agents to make sure they have accurate comps for their clients.
I've managed property in Oxford since 2007 and would be happy to speak to anyone interested in the Oxford market.
Josh Cissell
Cissell Management Co., LLC4.997 Reviews - Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes2y
Quote from @Josh Cissell:
Quote from @Chris Seveney:
@Donnie Brimm
What about investor friendly agents. I was looking at some property and made six calls to agents and not one has called me back….
This is an old post, but I thought I would give a few suggestions here for anyone looking for property management in the future.
Getting a good property manager can make or break your rental investing experience. If you're investing in real estate as a passive investment, it should be hands-off for you. It should NOT be a passive gig for your property manager, too. Unfortunately, sometimes that happens, and it doesn't end well. These are all the horror stories you read about property managers.
Of course, as a management company owner, I will recommend using a full-time property management company. Real estate sales and rental property management are very different ballgames. Both require a real estate license, but the license requirements in Mississippi are focused on sales and have little to do with rental property management.
A rental property is a significant asset, and you want to make sure you have the best manager to ensure years of worry-free investing. If it appears that a company or agent spends a large portion of their time on general sales, you need to ask how much time and money they invest in their property management business. Are they staying on the cutting edge of the property management industry, OR are they pushing hard to grow their sales business? It's difficult to do both. A full-time property manager can handle representing their clients in buying new investments, but that isn't the same as someone whose primary focus is listing properties and representing average buyers who need to be shown properties for months before purchasing.
You also want to make sure you and the property manager you hire are a good fit. A bad fit won't be fun in the long run. If you're the type that wants to be heavily involved and your manager doesn't allow it, you're not going to be happy. On the opposite end, if you want a hands-off approach, and your manager calls wanting your input all the time (a glorified gopher), you should have just managed the property yourself.
As far as sales agents go, you need one who understands the market and will also ensure you get the correct numbers from a property manager who does this daily. You don't want to purchase based on speculative rental rates from other agents. We work with many agents to make sure they have accurate comps for their clients.
I've managed property in Oxford since 2007 and would be happy to speak to anyone interested in the Oxford market.
Josh Cissell
Send me a PM as we have a property in oxford we are going to turn into a rental for college students.
7e investments53 Reviews
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