Managing Your Property

User Stats

2
Posts
0
Votes
Margo Lawrence
  • Los Angeles, CA
0
Votes |
2
Posts

Property Management Suggestions

Margo Lawrence
  • Los Angeles, CA
Posted Jul 16 2022, 19:34

Looking for a reputable and reliable property management company for a Quad in Kansas City, MO. Any suggestions?

Kansas City, Missouri

User Stats

51
Posts
24
Votes
Milton Chamberlain
  • Real Estate Agent
  • Kansas City, MO
24
Votes |
51
Posts
Milton Chamberlain
  • Real Estate Agent
  • Kansas City, MO
Replied Jul 17 2022, 07:35

Frank Lewis with Real Property solutions is great. You can find his contact by googling. He host the NKC investor meetup and has a wealth of knowledge. Good solid tenant placement processes. He boasts never having had to evict a tenant he placed.

User Stats

1,934
Posts
1,272
Votes
Caleb Brown
  • Real Estate Agent
  • Blue Springs
1,272
Votes |
1,934
Posts
Caleb Brown
  • Real Estate Agent
  • Blue Springs
Replied Jul 17 2022, 11:07

@Margo Lawrence

Sending you a message with a couple

User Stats

1,396
Posts
818
Votes
Alex Olson
  • Real Estate Agent
  • Kansas City Metro; Kansas; Missouri
818
Votes |
1,396
Posts
Alex Olson
  • Real Estate Agent
  • Kansas City Metro; Kansas; Missouri
Replied Jul 17 2022, 19:32

It would really depend on location and year built and then I can recommend the correct pm. 

User Stats

336
Posts
230
Votes
Luther Wilson III
  • Property Manager
  • Kansas City, MO
230
Votes |
336
Posts
Luther Wilson III
  • Property Manager
  • Kansas City, MO
Replied Jul 18 2022, 18:23

We have some contacts as well.  Any luck so far?

User Stats

4,373
Posts
2,446
Votes
Drew Sygit#3 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
2,446
Votes |
4,373
Posts
Drew Sygit#3 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
Replied Jul 20 2022, 05:12

@Margo Lawrence 

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

46
Posts
10
Votes
Amanda Lizana
  • Property Manager
  • Kansas City, MO
10
Votes |
46
Posts
Amanda Lizana
  • Property Manager
  • Kansas City, MO
Replied Jul 21 2022, 12:12

I am the Director of Operations in Kansas City, MO for Evernest Property Management. We manage homes in all surrounding suburbs on both the Kansas and Missouri side. Let me know if you want to chat! 

User Stats

4,373
Posts
2,446
Votes
Drew Sygit#3 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
2,446
Votes |
4,373
Posts
Drew Sygit#3 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
Replied Jul 21 2022, 15:04

@Amanda Lizana Please note you CANNOT self-promote here on BP.

Your posts will most likely be deleted by moderators.

User Stats

44
Posts
23
Votes
Phil Shearcroft
  • Rental Property Investor
  • Kansas City, MO
23
Votes |
44
Posts
Phil Shearcroft
  • Rental Property Investor
  • Kansas City, MO
Replied Jul 21 2022, 15:58

@Luther Wilson III is a great guy to reach out to. 

User Stats

10
Posts
3
Votes
Nitzan Messer
3
Votes |
10
Posts
Nitzan Messer
Replied Jul 24 2022, 19:20
Quote from @Milton Chamberlain:

Frank Lewis with Real Property solutions is great. You can find his contact by googling. He host the NKC investor meetup and has a wealth of knowledge. Good solid tenant placement processes. He boasts never having had to evict a tenant he placed.


 I was going to recommend the same, Frank Lewis from Real Property Solutions. I work with him as well and he was referenced for me when I looked for a company.