long-term proeprty managment

[Chenu Gupta]

Are there any long-term property management companies that proactively work to minimize costs and maximize profits for investors?

The critical component is incentive alignment: both the investor and the property manager should make money, but the structure should encourage both sides to think long term, ideally over a 20+ year period.

Maybe this is unicorn thinking, or maybe there are companies that genuinely believe in this kind of long-term approach?

[Joseph Cacciapaglia]

I work with a PM that's been in business for 47 years. It's currently managed by the 3rd generation. They have some clients that they've been working with since the 1980's. I think they have a very long term view of client retention, but it's still up to the investor to manage the manager, and be sure the decisions make sense for THEIR long term plans. Some investors aren't planning to keep their properties for 20+ years, some just want to squeeze every last drop out of their property today.

I believe a good PM gives you the options and info necessary to run the property with your own goals in mind. No matter how good they are, it's still your responsibility to guide the investment. Maybe there are some who will just manage for the long run by default, but I don't think that's a realistic business model, when you consider the wide range of investors who they need to cater to.