Residential property management means operating rental properties on behalf of owners, handling tenant placement, rent collection, maintenance coordination, compliance, and accounting, in exchange for a fee, typically 8 to 12 percent of monthly rent plus assorted leasing and service charges.
Log in to followI've been talking to two people on opposite ends of this and I can't tell which one is the harder road. One runs a shop that started with four doors from a friend's rental and gre…
I've had the same conversation three times this month with owners and managers and nobody agrees. Percent of collected rent is the default. Eight to twelve percent depending on ma…
I've been sitting in on pricing conversations at two shops in the same metro, similar door counts, and they've gone opposite directions on the same math. Shop A charges 10.5% of c…
Turned a unit last month where the dog had worked on the base of every door frame in the place, plus the carpet, plus a section of the vinyl in the kitchen. Total scope came in ar…
I've been reading acquisition decks for management companies because the paper side of consolidation interests me, and the same slide keeps appearing in different fonts. Current p…
Nine units, three of them under a manager I brought on last year for the ones furthest from me. Her written criteria say gross income at 3x monthly rent, no evictions in seven yea…
I've narrowed to two shapes for a first purchase and they point in opposite directions. Shape one is a duplex about 50 minutes from me. Prices are higher, rent to price is worse,…
I'm writing positioning for a management arm and I've got two versions of the same page. Version one leads with compliance. Local registration and inspection regimes, notice requi…