Property manager approving tenants

[Ian Kisbert]

I’ve been talking with several property management companies to manage a property out of state and think I have identified one that I like, has great reviews and one I have an overall good feeling about. The only issue that I see is their policy that states that they approve and sign a new lease on my behalf without my approval. Is this normal for a property manager to sign a tenant who meets the requirements without ownership approval? It also states they can negotiate all extensions and renewals. Is this normal as well? Just curious how much involvement is normal when using a property manager

[Matthew Irish-Jones]

@Ian Kisbert we sign all leases and negotiate all renewals on behalf of our owners. That is what they are paying us for.

We have too many units to get an owners approval on each lease. We also have fair housing law to consider so we really can’t let an owners subjective opinion enter into a lease approval or renewal.