| by Kenneth Chase | 31 comments

5 Questions You Should Ask a Property Management Company


31 Comments

Jane Wilcox

Nov 11, 2016, 4:40 pm Reply

Who do you use?

Matt Whelan

Jan 1, 2017, 4:17 am Reply

Hey just wanted to say thanks for your videos and free education. When you say your PMCs take care of everything, does that include lawncare?

L

Feb 2, 2017, 1:46 am Reply

Who do you use for PM?

Radnally

Mar 3, 2017, 9:48 pm Reply

the best PMs ive found made sure we always got our rents. but theres always tenants that put way more people in the house than they claimed or run some kind if business out of the house or collect cars, etc. many things that put a lot more wear and tear on your property. if you cant keep an eye on your property, you run the risk of these types of things happening. My advice to anyone is to get one house and see how it goes for a year. I had 6 SFRs being managed by a nationally recognized PM. Out of the 6 , 4 tenants really trashed the houses. Security deposits are joke compared to the damage they caused. The best tenant, and one I still have, is a teacher. But finding tenants with very stable type jobs is a the gold standard and not easily done. I searched for better PMs, but finding PMs for properties that rent for less than $1000 is not easy.

ElectronicsLearning

Mar 3, 2017, 5:28 pm Reply

Great questions to ask. Another good question I believe to ask is, what percentage of the monthly income do they take when they place in a new tenant? Many PMCs take 100% of the first month's rent for finding a new tenant, while others take 50%. I like the ones that take only 50%.

Rameh Khazen

Apr 4, 2017, 3:42 am Reply

Started to slip and talk about that familial status! Two daughters, wait let me get back to job history. Haha. It's ok. Great videos.

Mr. Go-in

Aug 8, 2017, 6:58 pm Reply

Very helpful information. Thank you Clayton! New sub!

Mr J-Charles

Sep 9, 2017, 4:25 pm Reply

Thanks I found a decent rental near me but the problem is finding a PM. So I will be interviewing a few this week before deciding whether to buy or not. I know the county I invest in has a housing shortage but I think it is a buy market not rental

AZDuffman

Sep 9, 2017, 9:25 pm Reply

If an eviction happens, should their trip to the courthouse be covered in their fee or would it be "extra charge" service? I realize they will pass along court fees, but for their trip and doing the paperwork?

Jovial Faltisco

Nov 11, 2017, 1:42 pm Reply

Most companies don't wanna deal with eviction.

Fahad

Mar 3, 2018, 3:20 am Reply

What PMC do you work with in Indianapolis?

marcus norman

Apr 4, 2018, 5:26 pm Reply

What property management companies do you work with?

Jeremy Lane

May 5, 2018, 4:58 pm Reply

Two additional questions I learned to ask a property management company the hard way, do you up charge for maintenance repairs? I found out my PM company was doing that. And do you keep any late fees? My PM company was doing that too. SMH

Sergio Aguinaga

Jun 6, 2018, 2:21 pm Reply

Since you invest in the Midwest, which property management company do you have in Southeast Michigan? I’m excited to hear back from you. Thanks in advanced.

Olds 68

Jul 7, 2018, 6:47 pm Reply

One of my Prop is with a Prop Mang in small town, I have changed twice in 2 years looking for 3rd, why ,well my tenants pay on time they don’t complain. The knuckle heads I hire are realestate agents that have Prop Mang as second job, Issues: don’t call you before $800 dollar repair, their website cannot be accessed our they don’t update, forgetting to pay our wait until the end of the month. Not taking care of a broken down appliance after 2 weeks initial notified buy tenants. Find some that only does Prop mang

Hey Herc

Aug 8, 2018, 12:37 am Reply

10% SEEMS HIGH…

Nhat Luu

Aug 8, 2018, 9:34 pm Reply

Hello Mr. Morris,

I live in the city Anaheim, California, so if you don’t mind can you please recommend some good property management company in my area?
Thanks

SKY Properties, Inc.

Dec 12, 2018, 10:46 pm Reply

This is great! If you're interested in knowing more ur CEO Kari Negri makes videos answering all your questions about the ins and outs of property management. Hope you'll check us out!

Yaritza Vazquez

Jan 1, 2019, 11:09 pm Reply

Do they also take care of the snow and lawn?

oscar tejada

Jan 1, 2019, 11:38 am Reply

Can you recommend an excellent property management company out of Jacksonville, FL?

Audrey GFl

Jan 1, 2019, 8:18 pm Reply

Great information, thank you for sharing. Out of curiosity, what are your thoughts on having tenants sign up for ACH drafts that come out in each paycheck? Ex: biweekly = 50% of rent each check, weekly = 25% each check.

M C

Mar 3, 2019, 5:07 pm Reply

Thank you so much for such a valuable tips.

Nikki

Mar 3, 2019, 5:05 pm Reply

God Bless You! I am so happy I found your page. It's very simple, straight forward, and definitely helpful! We are a military family so we move around a lot and just bought a newly constructed home and will rent it out when we leave this year and won't be an in state landlord, but with this knowledge we feel less anxious. We thank you for your service in sharing your knowledge in this area 🙂

Dylan Wroclawski

Mar 3, 2019, 3:22 am Reply

First timer here college rentals my real estate agent found someone for me. 4% of rents is fees plus 75 an hour after hours 55. Skilled maintenance 38. An hour regular maintenance etc. is that normal on top of 4% of rents? Any recommendations for Syracuse college area?

Dan Butler

Mar 3, 2019, 5:12 pm Reply

Your video is a very good one.

I have been in business years and I am simply looking for a property management company who can qualify and rent my property for me.

I will certainly discuss screening criteria and simply need to know how to shop for the company and actually where to find them.

Thank you very much in advance for your insight!

Jesse

Mar 3, 2019, 11:30 pm Reply

Hey, Clayton another great video by you!

Augusta

Jun 6, 2019, 12:03 am Reply

I met a management team charge me 10% to find a tenant and another 10% to manage the property, is that normal?

Albert Monson

Jul 7, 2019, 8:20 am Reply

this is crucial.

Jaime Rocha

Jul 7, 2019, 8:41 pm Reply

$300 dollars!!??

Kazi Imran Ahmed

Aug 8, 2019, 12:22 am Reply

good questions , I find all these great deals usually small towns in c neighborhood already with long term good tenants but very hard to find a good management company. Reason is most of those 4-5 units are managed by local investors and they have some maintenance guys they worked with years so they trust. Only few PM companies and they are swamped to take new clients. In big metropolitan where there are lots of PMs and they are competitive and actually care about their rating stars I can't afford to buy a property there cause price is too high and margin super low. Any advice how to find a PM where you dont live there in that town? Seems like obvious to google search and call bunch of them but that doesn't seem to work so far for me

Jon Z

Sep 9, 2019, 6:11 pm Reply

great video, very informative, thank you so much!

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