Local Real Estate Networking

User Stats

28
Posts
16
Votes
Kirk Bausch
  • Investor
  • Irvine, CA
16
Votes |
28
Posts

GA (Buford) Property manager recommenation

Kirk Bausch
  • Investor
  • Irvine, CA
Posted Aug 24 2017, 06:48

HI there. I have a SFR in Buford GA. I've owner and rented this property for 12 years. It's been stable and solid for me. I'd love to get some recommendations of Property managers in the area.

Thank you

User Stats

99
Posts
33
Votes
Replied Aug 16 2022, 19:57

Hi Kirk, I live near Irvine too and just put an offer on a property in Buford, GA. I am looking for a property management company too, did you find one?

User Stats

5,337
Posts
2,907
Votes
Drew Sygit#2 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
2,907
Votes |
5,337
Posts
Drew Sygit#2 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
Replied Aug 17 2022, 09:35

@Kirk Bausch

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😊

User Stats

99
Posts
33
Votes
Replied Aug 17 2022, 09:43
Quote from @Kirk Bausch:

HI there. I have a SFR in Buford GA. I've owner and rented this property for 12 years. It's been stable and solid for me. I'd love to get some recommendations of Property managers in the area.

Thank you


Hi Kirk, I live near Irvine too and just put an offer on a property in Buford, GA. I am looking for a property management company too, did you find one?

User Stats

5,337
Posts
2,907
Votes
Drew Sygit#2 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
2,907
Votes |
5,337
Posts
Drew Sygit#2 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
Replied Aug 18 2022, 09:01

@anything else we can assist with?

Log In or Sign Up to Reply