What do investors look for in a Property Management company?

What do investors look for in a Property Management company?

Property Manager 路 Memphis, TN 路 Member since 2019 路 28 posts 路 15 votes

Hey everyone, I want to learn more about what goes through an investor's mind when making a decision after investing in a market and hiring a PM company. What do you like? What do you run away from?

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Joe SplitrockPro Member
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Rental Property Investor 路 Sioux Falls, SD 路 Member since 2015 路 9k+ posts 路 18k+ votes
6y

@Andrew Park it is important that a property manager is responsive, both to an owner and tenant. Owners will look at your website and even test-call pretending they are interested in a property. I would want to hear about tenant screening procedures. I would want to understand the fee structure for the owner and tenant. 

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  • Joe SplitrockPro Member
    Moderator
    Rental Property Investor 路 Sioux Falls, SD 路 Member since 2015 路 9k+ posts 路 18k+ votes
    6y

    @Andrew Park it is important that a property manager is responsive, both to an owner and tenant. Owners will look at your website and even test-call pretending they are interested in a property. I would want to hear about tenant screening procedures. I would want to understand the fee structure for the owner and tenant. 

  • Real Estate Broker 路 Forney, TX 路 Member since 2019 路 1k+ posts 路 399 votes
    6y

    @Andrew Park Welcome to BiggerPockets! Truly nice to meet you. Good luck going forward! 馃榿 I believe there is a good book by Brandon Turner on property management.

  • Property Manager 路 Memphis, TN 路 Member since 2019 路 28 posts 路 15 votes
    6y

    @Anthoney Hanks thanks for this!

  • San Diego, CA 路 Member since 2018 路 210 posts 路 67 votes
    6y

    Hello Andrew,

    Welcome to BiggerPockets. Many real estate investors would like a property manager who is also a real estate investor themselves. It would be very beneficial that the property manager provide good potential leads to their clients. Best of luck on your endeavors. 

    Sincerely,

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