What are realistic expectations of a property manager???

Question

Hello BiggerPockets members! Im looking for some feedback. What has been your experience with turnaround time with property managers. From the time you sign a contract with them for a new unit how long does it typically take for them to get that unit advertised for rent. Specifically, going over to the new property, do a walk through, and take pictures. I would love to hear what has been the norm for everyone

Thank you

Nathan Gesner · Answer

I manage over 300 rentals. When I get a new client, I will inspect, take pictures, and start marketing within a week. It's usually in the first few days.

Jim K. · Answer

@Mike AbramovMy take on this is pretty straightforward and why we self-manage our local properties: property managers work in an almost completely unregulated business. They are trying, as all businesses do, to maximize their income by leveraging their strengths. If they do no do this, they are not competitive and go out of business. They sell convenience in a service-based industry. It is very easy for those who sell convenience to develop a deep sense of contempt for those who buy convenience. It is the rare individual in the convenience-selling segment of the service industry who can recognize this tendency and stoutly resist acquiring it over time or allowing it to fester in the people who work for them. If you find this person or business entity, you can expect to pay a premium for their efforts.

Chad Hale · Answer

I usually see the home and meet the owner before a PM agreement is signed. Once the home is suitable for advertising/ marketing, typically a couple days at most to be listed.

What are realistic expectations of a property manager???

What are realistic expectations of a property manager???

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