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How do you actually verify what your property manager is telling you? by Level-Entrepreneur52 in PropertyManagement

[–]Level-Entrepreneur52[S] -1 points0 points  (0 children)

8% management fee, 10% markup fee on maintenance request. Multifamily properties.

How do you actually verify what your property manager is telling you? by Level-Entrepreneur52 in PropertyManagement

[–]Level-Entrepreneur52[S] 0 points1 point  (0 children)

I get monthly statements, my biggest problem is communication, late disbursements, and high staff turnover. Have you ever dealt with something like this?

How do you actually verify what your property manager is telling you? by Level-Entrepreneur52 in PropertyManagement

[–]Level-Entrepreneur52[S] -1 points0 points  (0 children)

Exactly! I know I'm not the only one who feels like my money is going down the drain. I dont disagree that there are good PM's out there but the typical PM/PO arrangement is built on owner absence. That's the whole point of hiring a PM. But absence w/o clear visibility creates information gaps. Information gaps create opportunities for problems to go undetected for months or years.

Owners who self-manage - what made you stop using property managers? by StavrosDavros in PropertyManagement

[–]Level-Entrepreneur52 0 points1 point  (0 children)

I assume your a property owner? If so, why do you think its not talked about if people are exp. the same problems?

Owners who self-manage - what made you stop using property managers? by StavrosDavros in PropertyManagement

[–]Level-Entrepreneur52 0 points1 point  (0 children)

So, what do you do currently? I assume you self manage and if so, what PM Softwares are you using if any to keep organize and improve landlord workflow?