Testing Out a Property Management Company With One Property
I have eight properties with one management company, which I haven't had too many issues with but a few bumps here and there.
I just went into contract for a ninth property, and the seller is an agent representing a big investment firm with a property management division. He's pitched me on keeping the property with their company, in order to test them out (and hopefully bring over my other eight).
Offered a lower percentage than what I currently pay and also offered to kick in a few "free" months where I don't pay any percentage on it.
Has anyone else, owning multiple properties, tested out a new property management company in this manner?
The only con I see, and the biggest one at least for me, is dealing with two property management companies.
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- Real Estate Broker
- Cody, WY
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Just a personal opinion: if his property management services are so good, why is he enticing you with discounts instead of showing you the value? I charge more than my competition and don't give discounts, but people still choose my company because of the value we provide.
- Nathan Gesner
