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May 25, 2012, 11:03:54 PM

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Real Estate Investing Forums  |  Real Estate Investing  |  Rehabbing, Landlording Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Help, I need a new Property Management Company « previous next »
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Author Topic: Help, I need a new Property Management Company  (Read 463 times)
Brian06
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Posts: 102


« on: May 17, 2010, 03:00:36 PM »

My current property management company is taking me to the cleaners.  I need some recommendations for companies in the Louisville, KY area.

I am an out of state owner with a some units managed by what was a reputable company.  How can I verify the repairs and service calls that I am billed for, are legit?  And how can you verify references are legit when interviewing new management companies?



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Ashon
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« Reply #1 on: May 18, 2010, 09:50:57 AM »

Pop in for a visit.  As an out-of-state investor it is the best way for you to protect your properties.  But if you can't or won't drop in every 6-9 months to check on your investments.  The best thing to do is build into the managment contract clauses that management company provide you with digital pictures before/after any repairs over a certain threshold and a the phone number for the contractor who performed the repairs.  Before approving any major repairs I'd have a third party inspector check out the problem before approval.

To find Legit new companies, call other complexes in your investing area and find out who is managing the most properties.
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-Troy Fisher, Property Locator.
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Real Estate Investing Forums  |  Real Estate Investing  |  Rehabbing, Landlording Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Help, I need a new Property Management Company « previous next »
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