Puerto Rico/Budapest · Member since 2018 · 4 posts · 1 vote
Hi I have 2 rentals, one in Acworth and one in Powder Springs. Anyone know a good property manager in the area?
I am looking at The Ailion Team-RE/MAX Town and Country and Triton Property Group. If you are familiar with either of these I would love some feedback.
I am an American but live half the year in Puerto Rico and half the year in Budapest, Hungary so need a full service property manager.
In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.
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”:
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😊
Hi I have 2 rentals, one in Acworth and one in Powder Springs. Anyone know a good property manager in the area?
I am looking at The Ailion Team-RE/MAX Town and Country and Triton Property Group. If you are familiar with either of these I would love some feedback.
I am an American but live half the year in Puerto Rico and half the year in Budapest, Hungary so need a full service property manager.
Thanks
@Holly Barrett thank you for the tag! @Barbara A. Happy to hop on a call to tell you more about OneSource Real Estate and our property management services. I personally own rentals in Powder Springs and Kennesaw which is near Acworth. Most of the properties that we manage are in Cobb County.
If you choose to work with us we would love to help you out. I understand you are just starting on your search for a property manager and maybe interviewing a few. When researching them I would see if they are NARPM members. NARPM is a great organization for property managers that provides additional training and resources. I have found members of NARPM to be more educated and experienced in the property management field than your average non-member property manager.
Residential Real Estate Broker · Cartersville, GA · Member since 2015 · 575 posts · 581 votes
4y
@Barbara A. I know @Matthew Nicklin personally and he is a great choice and I second his vote for only using NARPM accredited property managers. It's literally the difference between hiring a little league coach and a major league coach when it comes to residential property management. Good luck.
In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.
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”:
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😊
@Barbara A. I'm sure you have many options on your plate for PM Companies already and I hope you find the perfect match! If you are still searching, I would love to chat with you about our services here at My Rent Source and answer any questions you may have! Good Luck! :)
