I need recommendations for a good retail sales Broker and a Property Manager in Wichita Falls. They do not need to be the same brokerage.
Hi Paul. I've checked pretty much all the PMs in town, and the best one is Sandra Wortham. She gets top dollar for your rentals and is pretty responsive. There have been glitches, but overall she's the best. Don't go with Brown whatever you do.
In terms of retail sales broker, we've used Lee Bybee with Hirschi. Nobody knows the market there better than Lee. She's been there 25 years and her dad was there for 30. She really knows WF and knows pretty much every broker there is. We've done deals with her several times, and she's always on the spot. Good luck!
@Paul Ewing You can also check with Cindy Cunningham. I've refereed all my buyers to her until she tells me not to anymore lol.
Here are some good questions to ask when interviewing your next property manager:
How long have you been a property manager?
How long have you been a manager in this area?
How many vacancies do you have right now?
Out of how many total units under management?
What is the average length of time it takes to fill a vacancy?
What is your late rent policy? What percentage of tenants do you have to evict?
How does the eviction process work here?
What are your management fees?
What do you charge for recruiting new tenants?
Do you charge for monitoring and maintaining vacant units?
What are my guarantees? Do you also market properties as a broker?
If I decide to sell my property, do I have to list it with you?
Can I see some of the other properties you manage? (Of course you will probably not be able to see inside rented apartments or offices. But you should be able to see common areas and grounds.)
How do you market your apartments?
Do you recommend special incentives for tenants?
If I want additional marketing for specific vacant units, how would we arrange that?
How do you screen prospects?
How do your tenants contact you?
Let me know if you have any questions.