Dallas-Fort Worth Real Estate Investor Club

Property Management Services?

  • 26 Nov 2014 8:35 AM
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    Message # 3158447
    Deleted user

    - I have 3 rental homes, and plan to quickly move toward having 10.  I'm wondering if/when I should consider getting a Property Management Service.  (Up to this point, I have managed my own rentals)


    - When evaluating a Property Managment Service, what questions should I be asking?


    - What fee structure should I anticipate?  I hear of monthly fees and fees for finding renters.  That seems like it could lead towards me and the property manager having conflicting goals (me wanting long term renters, and the PM wanting turn over in order to collect more finders fees).
  • 26 Nov 2014 2:34 PM
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    Reply # 3158679 on 3158447
    Robin Carriger (Administrator)

    As you might expect, there are good Property Managers (PM), and there are not so good PMs.  They all have different fees for the various services they provide.  What we value in a PM is someone who:

    1. Saves us the time involved in searching for a new tenant when one of our units becomes vacant.
    2. Maximizes our rents, because they have current knowledge on rent values in each market and they're a great negotiator.
    3. Gets our vacant units filled quicker than we can, because they can cross sell among all their clients.

    So... in a nutshell, it all comes down to time, money, and relationships.  Good PMs provide more services than those I listed, but those are the services most valuable to us.

    Suzette Teague is an experienced PM who is really good at all of the above.  You should give her a call at 817-996-1772.  Please tell her I referred you.

    Last modified: 26 Nov 2014 2:38 PM | Robin Carriger (Administrator)
  • 26 Nov 2014 2:57 PM
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    Reply # 3158690 on 3158447
    Suzette Teague

    Dear Stan,


    I would love to discuss Property Management with you if you want to call me direct.  The name of my company is CITA Property Management, LLC.  Let me know when you can have a discussion and I will make myself available for your questions or concerns.  I have been in the business about 11 years and have extensive experience in all aspects of Property Management.  I take very good care of my owners and do have LONG TERM tenants because I HATE vacancies so my units cash flow for you.  I am also a Texas Certified Leasing and Property Management Broker.  Let me know how I can help or if you want to have lunch to discuss the possibilities of working together.....Suzette 817-996-1772
  • 02 Dec 2014 9:51 AM
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    Reply # 3161223 on 3158447
    Connor Steinbrook

    The most common cost of a property management common that I see is 10%.  As you get more and more properties you should move from managing them on your own to paying for a qualified management company. You should be bringing in extra cash flow with the added properties so it won't be a problem to pay for it.  They will save you large amounts of time.  With the extra free time you should be using it to make more offers, find more deals, and expand your portfolio even futher. If you buy your property right you should have it built into you numbers to pay for the management.
  • 12 Dec 2014 12:12 PM
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    Reply # 3169255 on 3158447
    Deleted user

    I am a fourth generation Realtor and Property Manager. I have a marketing degree and would love to answer any Property Management concerns you may have. Our company has recently upgraded our software program which is more Owner and Tenant friendly. You can log-in to a owner portal and gain access to your owner statements at any time. I can give you references from owners and tenants. Call me at 817-921-3703.  We are the oldest Property Management Company in Fort Worth.

    Kate Team 

    Last modified: 12 Dec 2014 2:54 PM | Robin Carriger (Administrator)
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