Hi All, I have a SFR in Davenport and the management company has been slipping. I think it is time to move on. Does anyone know of a reputable management company in the area?
And it doesn't have to just be a company that does it. I like individuals as well, so long as they aren't overburdened with too much other stuff.
@Bryan O. I have been pleased with A2Z Real Estate Management. They have recently added staff to improve response rates, we have seen steady activity even this far into the winter and conversion from leads to tenants has improved as well. @Michael Pease can give you more info or you can go to their website
@Bryan O. I'd love to chat with you sometime! I manage many SFH in the Quad City area and also larger apartment buildings. I'm an investor myself, not just a manager so my company runs the day to day operation for my units the same as for other investors. My personal background is actually in accounting. I've been a licensed CPA in IA for the past 5 years and started my own tax and accounting company as well in 2017. These two businesses work hand in hand to ensure that people are getting the best day to day and long term advice possible.
Just curious, what are the concerns you have with your current manager? Lack of timeliness, over charging, etc...
I'd love to connect sometime!
Thanks for the plug @Paul Stern !
This post has been removed.
Hi @Michael Pease . I have a number of problems with them. I have managed my own local properties for years, and if you combine all of their service calls it still wouldn't add up to this 1 property:
1) Likely fraudulent charges
2) No photos provided for nearly any work. Where photos are provided, they are not with GPS tagging enabled so I can never validate if it is actually my property
3) Poor communication
4) Most services are in-house, so even if the work is not legitimate, they own the handymen that write the invoices to make it look legit
Thanks for posting. I will reach out to you.
Curious what arrangements you have with them. Fraudulent charges are obviuosly a MAJOR concern. Are you worried they are misreporting rents or something along those lines?
Photos for work if agreed upon in the contracts signed would be a nuisance but an accomodation that could be provided if desired I'd guess. In the few years I've been doing this I've never had a request of this kind and in the 9+ years I've owned real estate I've very rarely asked for this from a contractor/company hired.
Communication is a very normal concern. What do you mean by poor communication? Is it the communication between you and the manager or between the manager and the tenants. Often what I've found over the years is if a relationship exists with the owner and the tenants that they will express a lack of communication to the owner anytime something doesn't go their way. A reputable company such as mine will be able to demonstrate call logs and messages between the company and the residents.
Maintenance is something in my opinion you have to trust the management company and maintenance team on and have a comfort level with them. If you do not, you will never trust any work that is not your own. Questioning the time it takes to perform work or work performed should be an easy question to answer for the management company.
Being an investor and a property manager I understand the struggle better than most between managers and the owners. These are legitimate concerns that can be addressed with more openness between the owner/manager. Happy to walk you through how we operate daily for our clients!
@Joe T. would be happy to connect anytime! I'll send you a message so we can connect offline!
I love seeing all of this interest in the Quad Cities! I wrote a brief blog post I would recommend anyone looking for a property manager to check out. It is a quick synopsis of what to look for based off of my experience both managing properties and talking to other investors which have hired management firms. Click here to check it out!
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing