Los Angeles, CA · Member since 2015 · 82 posts · 25 votes
Looking for referrals on a property management team central FL. Primarily Orlando and Tampa. How many rentals do you have under management w/ them and at what rate?
Property Manager · Orlando, FL · Member since 2020 · 200 posts · 194 votes
5y
Hi @Elliot Lamson , Orlando/Central Florida has many property management companies and prices are competitive. All investors especially the ones with multiple properties should concentrating on the product and service provided rather than price. This is valid for every industry, as a consumer you can only pick 2 out of the following 3 - product, service & price. If you pick a provider with low pricing their product or service will be lacking in some way. If you pick great product and great service most likely the price will be higher. As an investor with multiple properties, picking a lower priced PM company increases your risk. If something is not handled well your entire portfolio will suffer. On the other hand, if everything is handled the proper way and your PM is proactive rather than reactive, you will be saving lots of money even if they charge you a higher fee.
With that being said, we charge 10% but we offer special pricing for investors with multiple properties. NO hidden fees, small print or long term contracts.
Also, it is worth to mention that in PM around the country it is a common practice for Property managers with lower fees to make up their discount in small additional fees added over the year. Most likely, you will end up paying close to 10% anyway.
@Elliot Lamson I would love to chat with you and understand what your goals are for investing in Orlando/Tampa areas and how we can help you get there.