Property Management Companies in Atlanta

[Elvin O'Neal II]

Hello,

Anyone have an property management company recommendations in Atlanta? I currently have 1 property that I am managing myself, but as I look to add more, I would like the utilize a property management company.  

Also, advice about using a property management company would be great.

Best Regards,

Elvin

[Jerid Meagan]

Hello @Elvin O'Neal II,

Although I am not from Atlanta, I can tell you that two most common complaints in this industry are 1) my manager is non-responsive, and 2) my manager is doing work that they are not authorized to do. When vetting your PMs, ask the questions that might provide solutions to these problems.

Solution to #1 – you are looking for full transparency. Oftentimes, PMs will utilize management software (if they don’t, keep looking) and provide the owner with access to the portal. The portal should have all the leases, contracts, move-in/move-out checklists digitized, and uploaded. Should provide tenant payment information, full leasing and financial reporting, etc.

Perhaps you suggest a standing monthly or quarterly check-in, as well as quarterly or semi-annual property inspections.

Solution to #2 – there should be a clause in the management contract that provides a threshold where any work above a certain amount requires owner approval (emergencies are handled separately). Initially, you may want to make this “$0” until you are comfortable with your PM, and also layout the preferred method of communication – I suggest written so there is a paper trail.

(Solutions are not all encompassing, but are meant to give examples)

Also, I strongly encourage that you do not go with the cheapest option. This is where people go wrong. The arrangement just needs to be fair on all sides, and there needs to be transparency and accountability. A good PM should be increasing rents to offset expenses (like their own), which ultimately forces appreciation.

Hope this is helpful.