Fayetteville, NC Property Management Company

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Fayetteville, NC Property Management Company

Jeff Winecoff
Investor · Walnut Creek, CA · Member since 2016 · 1 post · 0 votes

I'm in the market for a property manager in Fayetteville, NC.  Does anyone have a property management company that they use and would recommend based upon service, reliability, and tenure in the business? If so, I would greatly appreciate hearing from you. Thank you!

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
5y

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”:

https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

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😊

[email protected]248-209-6824
Logical Property Management4.9460 Reviews
WebsiteView Page
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  • Ash Fields
    Member since 2020 · 301 posts · 80 votes
    5y

    Hey @Jeff Winecoff.  I can send you some info.

    Cheers.

    0Reply
  • Jordan Amarant
    Real Estate Broker · Turlock, CA · Member since 2011 · 6 posts · 0 votes
    5y

    @Jeff Winecoff

    Hi Jeff,

    I am an investor also from Northern California. Just closed on a SFH in Fayetteville. Also in need of a property manager. I have spoke with Guardian and Remax so far but curious if anyone has feedback on either of those or a different recommendation.

    0Reply
  • Justin Deal
    Member since 2019 · 2 posts · 0 votes
    5y

    @Jeff Winecoff @Jordan Amarant


    Veteran Property Management

    0Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    5y

    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”:

    https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

    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😊

    [email protected]248-209-6824
    Logical Property Management4.9460 Reviews
    WebsiteView Page
    1Reply
  • Michael Velez
    Member since 2021 · 25 posts · 7 votes
    5y

    Hello, i closed on a single fam. rental property about 1 month ago and my agent is also my property mgr. for the property. i cannot tell he is great because we just started working together. and so far he has not disappointed me. if the property is less than 100k minimum he will charge $100. He have great communication skills. if interested i can share his info. 

    0Reply
  • Josiah J Hein
    Investor · Medford, OR · Member since 2020 · 8 posts · 5 votes
    4y

    @Michael Velez who is your agent/PMC?

    @Ash Fields, I'm Interested in your PMC as well please!

    @Jeff Winecoff what company did you end up going with and why?

    0Reply
  • Michael Velez
    Member since 2021 · 25 posts · 7 votes
    4y

    Hello, everyone my Agent/ Mgr. Name is Carlos Ramos (Red Apple RE) and his number is 910-551-2342 

    I have mentioned to him that someone from BP may contact him. Let me know how it goes. I'm currently looking for my second property in The Fayetteville area and im willing to partner up with an educated investor and even do a multifamily deal. 

    1Reply
  • Michael Velez
    Member since 2021 · 25 posts · 7 votes
    4y

    I meant above, that if the rent is less than $1000 he charges a minimum of  $100. It is worth it. He has helped me coordinate a few things and he has local contacts.

    0Reply
  • Michael Velez
    Member since 2021 · 25 posts · 7 votes
    4y

    Friends, keep in mind that this is a new market for me, and in This case you have to be the pro. He is not an investor* so you have to know how to analize and not have higher expectations other than the basics. Please bring your knowledge to his table and lets help him in the process. I found out he just like many agents i dealt with dont have the same mindset that we have.

    0Reply
  • Justin Tahilramani
    Rental Property Investor · Fayetteville, NC · Member since 2014 · 884 posts · 670 votes
    4y

    @Michael Velez - yikes, that’s over 10%. Hope he goes above and beyond to eat that fee.

    0Reply
  • Michael Velez
    Member since 2021 · 25 posts · 7 votes
    4y

    He does, and it is actually my first time using a property Mgr. I live in MD. And i manage my other properties here. As you may already noticed. So he is my eyes and ears there. Besides, he is an agent. And that combination brings extra value. Do you own any rentals in Fayetteville  Justin ? For How long ? Do you know anyone that works with brick ?

    0Reply
  • Tiara Jackson
    Rental Property Investor · Alexandria, VA · Member since 2021 · 21 posts · 18 votes
    4y

    @Michael Velez - great to hear your story, I also live in MD and currently have my first investment property under contract in Fayetteville, NC - waiting to close 12/7! Wishing you the best; perhaps we can partner on a deal in the future as I plan to acquire a few properties in that area and am also looking at multiplex's. I plan to start off self-managing my property but of course have factored in the cost of a PM in the event I find it to be overly burdensome. Interested to hear about your experience with your PM as more time goes by.  

    0Reply
  • Michael Velez
    Member since 2021 · 25 posts · 7 votes
    4y

    Hello Tiara and thanks for connecting. I see the market in Fayetteville is heated and i see a little slow down and higher asking prices and many flips without any value added. Congratulations on your purshase. I hope is not the one i didn't win last Sunday haha. It had a burned area but the ARV was in the mid 100's and the asking price was 35K

    I been hoping to connect with a like minded person here. And i like the idea of talking of making deals. And brainstorming. We should exchange numbers. 

    0Reply
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