Property manager in Cape Coral?

Question

Hi

Any recommendation for a property manager in Cape Coral? Thanks!

Stetson Miller · Answer

Hi @Alex Kovalenko, I would highly recommend Royal Palm Property Management, link below. Thanks @David Vanlandingham!

Royal Palm Property Management

Drew Sygit · Answer

@Alex Kovalenko

Even if someone give you a referral, what meets their expectations, may not meet yours.

In our experience, the #1 mistake owners 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!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE 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 and HOW those services are executed.

EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean? What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.? You’d be shocked by how little actual screening many PMC’s do!

This also leads owners 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 14-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😊

Please send us any feedback via email, as we do not use the DM feature here.

Elise Newberry · Answer

Hi @Alex Kovalenko. If you are still in need of a Property Manager, I have a great recomendation for you. His name is Jarrett Simpson. (239-299-7473) He is a local realtor and runs his own Property Management Company. I am one of his content clients.

Adam Bartomeo · Answer

@Drew Sygit @Alex Kholodenko I agree with Drew. A PM will make or break your investment. I always recommend working with someone who is an investor themselves. They will have hands on experience and knowledge that will far exceed a normal licensee. Their years of experience as well as the amount of properties they manage/own are also important factors.

Samuel Kaplan · Answer

I am and I also have my rentals with the company. Bigger Pockets removed my post because it was self promoting.

Peter Davis · Answer

@Alex Kovalenko

If you're looking for a STR property manager I have someone for you. They work exclusively in Cape Coral.

www.prestigevrhomes.com

239-560-6292

Samuel Kaplan · Answer

Rentifi Property Management has always helped me with my rentals. Worth checking out: Rentifi Property Management (239) 689-7770

David Vanlandingham · Answer

@Stetson Miller

Property manager in Cape Coral?

Property manager in Cape Coral?

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