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Looking For A Property Manager In Memphis Tn

2 months ago

Memphis, United States BiggerPockets Full time

Looking For A Property Manager In Memphis Tn

I have a house ready for rent, I need a property manager tom take over in Memphis, TN Thanks. I have a house ready for rent, I need a property manager tom take over in Memphis, TN Thanks. Quote from @Ana Samely María : Hello I have a house ready for rent, I need a property manager tom take over in Memphis, TN Thanks. Call Crestcore they do a wonderful job managing my properties.

I have a house ready for rent, I need a property manager tom take over in Memphis, TN Thanks. Quote from @Darnell Walker : Quote from @Ana Samely María : Hello I have a house ready for rent, I need a property manager tom take over in Memphis, TN Thanks. Call Crestcore they do a wonderful job managing my properties.

Thanks for the shout out, @Darnell Walker As you know, the team at CrestCore property management has made a ton of positive changes since 2020 and it's making a big difference for clients like you and me and for all the renters. Encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company. To avoid going through the same poor experience, keep reading. Even if someone give you a referral, don’t make the mistake of assuming that PMC will meet your expectations, just because they met the expectations of the referral source. We also can’t believe how many owners hire the first PMC they speak with Then they complain their expectations aren’t being met In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING. It's often a case of not doing enough research, as they don't know what they don't know Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed. EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean? What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.? You’d be shocked by how little actual screening many PMC’s do This also leads owners to ASSUME simpler is better when it comes to management contracts. The

reality is the opposite

- if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord. Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees. We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “ How to Screen a PMC Better than a Tenant ”: We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover. EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises P.S. If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general. Take ownership of your mistake and learn to do the proper due diligence recommended above I had the worst luck with Renshaw, house sat on the market for 4 months. I got rid of them and went to foundation PM and in 8 days had the place rented and they cleaned the yard and house mess that renshaw left from showings. I am so happy with them.

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