Newbie Property Manangement Question

[Kit Klekamp]

Hi All,

I'm new to real estate investing and I'm hopefully closing soon on two properties.  I have some experience with live in renters but not anything else.

One is in a high income area duplex and another in an low to average income area quadplex.  Is it better to get a property management company to take care of them or split them?  I'd rather them be managed properly then saving some money in cash flow.

Thank you.

[Kathy Henley]

Don't split the two properties with two companies, sign up with the right company.

Find a property management company that thinks like you do @Kit Klekamp One who will carry out your idea of what it is to be 'properly managed'.  The high earners and the average earners all want the same thing: the quiet enjoyment of their lives. When conflict arises - something breaks or disturbs the peace, the tenant must be responded to. When I was looking for a responsible property management company, I talked to many before finding one willing to take care of my tenants the same way I would.  The ones that I crossed off my list were those that avoided tenants, didn't have a way of getting things done without lawyers, or those that didn't really like people.  My goal is to keep tenants happy and avoid vacancies (cash flow killer).  A strong lease is important, setting clear expectations of what will happen if something goes wrong.  All classes of tenants must pay on time. All good tenants should be rewarded with dependable service and the upkeep of the property. I also like quick turnovers when a vacancy happens.