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Updated almost 6 years ago on . Most recent reply

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64
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Idan Narotzki
  • Kansas city, MO
8
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64
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How Can I Motivate my PM?

Idan Narotzki
  • Kansas city, MO
Posted

Hi dear friends!

I am an out of USA investor. I've recently bought my first SFH. It is currently managed by PM. Generally, I want to increase my portfolio, but that will probably will take some time ( I guess it will take a 6-8 months) until my next property, as RE is not my primary occupation)

I pondered upon a question: 

How can I give extra motivation for the PM to really care about my property?  The first answer that jumps to my mind is: "You are too small for that". But is it? Isn't there something I can do? 

I am very curious to see your thoughts/suggestions/perspective/tips. 

Thank you very very much!

Most Popular Reply

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,635
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28,543
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Idan Narotzki:

Hi dear friends!

I am an out of USA investor. I've recently bought my first SFH. It is currently managed by PM. Generally, I want to increase my portfolio, but that will probably will take some time ( I guess it will take a 6-8 months) until my next property, as RE is not my primary occupation)

I pondered upon a question: 

How can I give extra motivation for the PM to really care about my property?  The first answer that jumps to my mind is: "You are too small for that". But is it? Isn't there something I can do? 

I am very curious to see your thoughts/suggestions/perspective/tips. 

Thank you very very much!

 Hire a large company with systems & place & you don't need to think about this kind of stuff. They have proven processes to handle the management of rental properties. If you've got a Property Manager who is small enough that you are able to motivate them you don't really have a Property Manager. You are the Property Manager and that person is your employee. How to properly motivate your employees is a whole different topic of discussion.

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