What do you pay for in property management

Tucson, Arizona
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What do you pay for in property management

Joe Watson
Property Manager · Tucson, AZ · Member since 2019 · 27 posts · 14 votes
Is your PM doing regular inspections? Do they give you a property overview? Do you receive notices of vacancy before the tenants move out? Asking for a friend because I work with a lot of managers and regularly find myself surprised by the lack of actual work Companies do as a PM.
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  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    10mo

    @Joe Watson most PM software automatically alerts owners about MoveOut notices from tenants.

    Not sure what you mean by "Regular Inspections"  - how often is "regular"?
    - We do an TakeOver and Annual Evaluation Video walk-thrus, included at no extra charge.
    - Have encountered many owners who expect a PMC to do monthly walk-thrus for "free"!

    Also, please clarify what you mean by "property overview"...

    In general, PMCs vary in their integrity and quality of services - the same is true of real estate agents and every profession.

    BTW, is this you?
    https://www.facebook.com/JoeWatsonRealtor/posts/783857490413...

    [email protected]248-209-6824
    Logical Property Management4.9469 Reviews
    WebsiteView Page
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  • Joe Watson
    OP
    Property Manager · Tucson, AZ · Member since 2019 · 27 posts · 14 votes
    10mo

    I do not have a personal fb, and the company I work for does not use my last name. 

    I am wondering about individual experiences, as in…

    Bk realty charges $$$ per inspection but, inspections are done at the owners initiation.

    Blah blah realty lets each PM decide the frequency and $$$ for inspections.

    There are so many PM companies and so many different opinions of inspecting properties. My company currently does charge the owner for inspections and I want to have more leeway, I’m using the facts and opinions of other PM’s to guide my current standing. I am not so concerned with an inspection fee as I am concerned with long term tenants who have low maintenance requests.

    Inflation of materials and labor is easier to talk to owners about while still collecting rents, I aim to establish realistic reserve funds for owners with properties that will need remodeled or renovation.


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  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    10mo

    Mine is meant to do an inspection every 6 months (I'm sure they do, but I don't see reports....and I've not asked for them).  I get emails asking if I want to renew leases before they ask the tenant and we discuss rent prices, I get an email if they renew the lease and when they don't, I get an email with the new lease.  They also let me know if there are problems (sometimes they call, other times I find out in my monthly statement-and I can download the report).

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