Property Management Suggestions

[Margo Lawrence]

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

[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.

[Caleb Brown]

@Margo Lawrence

Sending you a message with a couple

[Alex Olson]

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

[Luther Wilson III]

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

[Drew Sygit]

@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😊

[Amanda Lizana]

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! 

[Drew Sygit]

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

Your posts will most likely be deleted by moderators.

[Phil Shearcroft]

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

[Nitzan Messer]

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.