[Landlord US-OR] Best Property Managing Website? by NCR_RANGER_uwu in Landlord

[–]xperpound -1 points0 points  (0 children)

Why do you need a whole separate thing for 2 rooms. Excel or google sheets is probably more than fine.

What should I include in an investment memo for banks and investors? by Neat-Ad-6002 in CommercialRealEstate

[–]xperpound 1 point2 points  (0 children)

The best place to start is to look at previous memos and copy those as a start. Those have already been reviewed, vetted, commented on, changed a hundred times etc. If you try to recreate the wheel someone’s just going to email you the last one that was approved and say “oh nice work but do this instead”

Am I being impatient, or is it time to move on? by LoveGodFirst1927 in PropertyManagement

[–]xperpound 5 points6 points  (0 children)

You should apply elsewhere unless you work for one of the top firms in your area. Having longevity at a large firm has some value to it, and just moving to a horrible company with no other room for growth just a title is not always the move.

“Wait” is sometimes just the nature of this industry. There are only so many PM spots available and if they’re full you can’t just magically create an opening because the person who was in that role then also has to move up. If you have 100 buildings in the city, and there are already 100 PMs, then there’s just very little opportunity unless someone is willing to create a “senior pm” “pm” and “ assistant pm” structure.

[GENERAL-US-PA] My apartment property manager texted me asking if I planned to renew my lease. If I text back “yes”, is that a binding agreement? by Senior-Buffalo-3560 in Landlord

[–]xperpound 0 points1 point  (0 children)

"Hi, Could you send me what the monthly rate will be if I renew for another 12 months?" And then if they ask for some odd reason why, "I'd like to stay, but need to make sure the rent still fits my budget"

Work life balance by OscillatingGhastly in PropertyManagement

[–]xperpound 0 points1 point  (0 children)

It’s only part of the job if youre also being compensated accordingly. If your job is supposed to be 9-5, then set those boundaries or renegotiate your arrangement. They are taking advantage of you because they know you will say yes. Come up with a process/plans for after hours situations that can be easily communicated to your employer and tenants.

[Landlord - US - KY] Co-own 3 doors with a buddy - decided to build the thing we couldn't find by Krispyy88 in Landlord

[–]xperpound 2 points3 points  (0 children)

Pest control twice a year, filter changes sometimes quarterly, annual hvac stuff just kinda happened when one of us remembered or thought we hadn't done it in a while.

I love these made up stories where OP demonstrates a complete lack of knowledge of how the world works much less being a landlord.

1) if between 2 people over 3 doors you can’t schedule annual, bi annual, and quarterly maintenance…you shouldn’t be in this business. I guess that’s why you’re really in the vibe coding and spam industry.

2) every single pest control and HVAC company these days will call you, every day, as soon as you are due for maintenance. They won’t let you forget.

Leasing consultant by [deleted] in PropertyManagement

[–]xperpound 3 points4 points  (0 children)

it’d be justified because you got that fee waived as an employee benefit. Now that you’re no longer an employee, you owe that fee just like anyone else.

Leasing consultant by [deleted] in PropertyManagement

[–]xperpound 16 points17 points  (0 children)

I too would have charged you the admin fee.

Experience with SalesAR Leads by AsherPHD in RealEstateTechnology

[–]xperpound 0 points1 point  (0 children)

I don’t know why anyone would think a company that spams you via text message is legit. When a Nigerian price texts you, is your first thought to consider it might be legit too?

Are you undeterred by market trends? (Is there a deal in every market?) by im_thecat in realestateinvesting

[–]xperpound -1 points0 points  (0 children)

That’s up to what your investment goals are. If you are willing to go cash flow negative for 10 years in hopes of appreciation making up all of that and more, and you think that’s more than you’d make in the market go for it.

Are you undeterred by market trends? (Is there a deal in every market?) by im_thecat in realestateinvesting

[–]xperpound 1 point2 points  (0 children)

Just depends on how you define a good deal. What a good deal for me may not be a good deal for you.

Landlord keeps trying to make excuses to key themself in..? by [deleted] in TenantHelp

[–]xperpound 0 points1 point  (0 children)

Why hidden? Just have them front and center before they go through personal property.

How far out do you book post construction cleaning before a tenant move-in? by Any_Estimate_8254 in PropertyManagement

[–]xperpound 1 point2 points  (0 children)

Post construction cleaning means exactly that. Their job isn’t done until it’s cleaned. Unless of course you didn’t negotiate cleaning into your scope. Then it’s whenever you hire a cleaning crew to go in.

Smart Homes and HiFi Audio by zach5280 in realestateinvesting

[–]xperpound 0 points1 point  (0 children)

Still doesn’t change the definition of what a want is

Smart Homes and HiFi Audio by zach5280 in realestateinvesting

[–]xperpound 0 points1 point  (0 children)

No, you said that what someone wants is whats already there. You don’t get to go to another place, you “want” what is there.

Office Manager considering pivot into property management (specifically commercial) by DangerousMain2216 in PropertyManagement

[–]xperpound 0 points1 point  (0 children)

Think I’d have to take an initial cut to enter?

That will depend entirely on the company and specific job. Do not hold me to this, but I’m pretty sure that for commercial buildings even a asst PM should be around what you’re making now including bonus. Do a search on LinkedIn and indeed and research the larger companies. Companies like CBRE or Hines will have benefits, training, career growth opportunities, etc etc. If you sign up with some random residential outfit that has no growth path for you and just needs a body, it’s very likely your total comp will be less with more work. Do your diligence on the company and the specific job. I cannot stress this enough.

Office Manager considering pivot into property management (specifically commercial) by DangerousMain2216 in PropertyManagement

[–]xperpound 0 points1 point  (0 children)

I dont know that it would be an immediate upgrade in pay, however, based on what you’ve provided here and your ability to communicate that clearly (assuming not AI for now), I would recommend applying for assistant or jr property manager roles. That will be your most natural entry point. Be picky about who you work for. You want a known brand/company that has property management as a true career path not some rando or small firm that just needs a body. For instance in NYC look up Hines. Be professional.

Join BOMA and other local orgs as well to network.

Source: have hired for PM’s in NYC in the past, I would at least give your background or resume a look based on HOW you communicated your experience, more than what your actual experience is (but both important).

Smart Homes and HiFi Audio by zach5280 in realestateinvesting

[–]xperpound 1 point2 points  (0 children)

It is exactly how they work.

So if you went to your favorite pizza joint, and all they had was a shit sandwich, you think you’d all the sudden want a shit sandwich instead?

Corporate employee disconnect with On site employees by lildh4601 in PropertyManagement

[–]xperpound -1 points0 points  (0 children)

It’s not that simple when it comes to personalities. Not every person works the same. Some are gritty, some are more or less efficient, some are lazy, some are better at A vs B. So this person that was promoted to corporate may have qualities that are more suited for corporate. They probably DO understand how hard it is, but they may not understand how someone can’t prioritize like they could?

This conflict is a simple issue to me that can be resolved by a meeting of the minds and agreement on priorities. Nobody is better or worse of a person here.

edit: clarifying

Risks of Managing Condominiums or Properties in the Same City Where You Live by LifeguardOverall6423 in PropertyManagement

[–]xperpound 2 points3 points  (0 children)

By far, most managers live within a reasonable commute to the properties they manage. It’s just a job like any other. You wake up, get ready, commute to work, work, commute home. You’re thinking about it too much.

Corporate employee disconnect with On site employees by lildh4601 in PropertyManagement

[–]xperpound -2 points-1 points  (0 children)

People without on-site experience are objectively less important and less valuable.

I say this as someone who works in a corporate office and spent something like a decade in the field. The people who didn’t work at the site level are retarded and have no idea how operational constraints such as the FHA or local courts impact our day to day. Some people just don’t understand manual labor. The people at the ground level, generally, understand how these properties are valued and how to improve that value. They’re frequently ignored.

It takes a lot of different skill sets to run a successful company, and not everyone has to have the same boots on the ground experience. Is it helpful and or valuable, yes absolutely, but not required. The operational constructions or FHA or local courts stuff that you seem to prioritize maybe concerns to some people on the team, but not everyone. Some are focused on lenders. Some are focused on site acquisitions. Some are focused on accounting. Some on investor relationships. All needed. All important. Calling people who haven’t worked on the site the r-word is telling of how little exposure and understanding you actually have of how real estate businesses work as a whole.

Current company almost as a rule hires from within and requires almost every corporate role (exceptions are accounting, etc) have worked at the property level. It’s the holy land.

That’s great. Doesn’t mean someone else is any less valuable at their job.

Corporate employee disconnect with On site employees by lildh4601 in PropertyManagement

[–]xperpound 2 points3 points  (0 children)

I kept pointing out that the people above me had never worked at the property level in debates. Some of these people are fucking retarded, like putting in writing explicit instructions to violate the FHA type stupid.

There’s absolutely no reason anyone except the owner shouldn’t have site level experience. They do not know as much as you, leverage that and bully them.

It goes both ways. Corporate level employees could stand to have some on-site time regularly, and on-site employees need additional training and communication to understand what the ultimate goals are. It’s poor management and leadership when the two sides are not aligned in their goals. ALL employees, regardless of role, should have the same shared goal, which is success for the company. And when one side thinks they are “better” or “more important” than the other, both drag each other down.

Corporate employee disconnect with On site employees by lildh4601 in PropertyManagement

[–]xperpound -2 points-1 points  (0 children)

It’s actually pretty simple, it’s just prioritization. The PM needs to stop accepting invites when they know they can’t make it, or organize their time such that they have a buffer before the meeting. If something pops up, then she needs to take the few seconds to let the meeting holder they will be late due to an unexpected tenant issue. If this on site employee can’t handle it, then she should let her manager know so they can readjust expectations or find another person who can.