Hey all! I’m looking for a great property manager in the KC area! They must responsive, punctual, clearly lay it fees, communicate with me if something goes wrong with collecting rent and their solutions, laying out how well their maitinence program is, and overall professional with recommendations!
It’s been very hard to find a good PM so I’m hoping someone can point me in the right direction!
Thank you in advance!
Any responses? I'm looking for the same, solid PM in KC!
I used Scudo realty for my one property. About 3 months in with them and so far so good.
@Keith Stempel Hi I was looking into the Kansas City area for an out of state investment and was wondering how it is going with Scudo property management co? Thank you for you time!
My three recommendations would be:
@Cody Petersen Thank you!! I will look into these!!
In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.
It's often a case of not doing enough research, as they don't know what they don't know!
Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.
So, the first question they usually ask a PMC is about fees - instead of asking about services.
This also leads them to ASSUME simpler is better when it comes to management contracts.
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.
We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord. Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
P.S. If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general. Take ownership of your mistake and learn to do the proper due diligence recommended above😊
@Drew Sygit thank you so much for all the great info!! I am definitely making a note of all of this wonderful information!!
I have found this a challenge as well and wasted nearly a year with really poor property management. I have a new company now and although there has been headaches there is much more transparency and they are much more professional and responsive. I would still hold off on recommending the current company until I have a longer track record with them. I will echo the sentiment of choosing carefully.