Real Estate Property Managment
Real estate property management can be very difficult. Here is a quick story of a client from a property that we recently took over.
My client called me today, and we had been in touch previously based on the lack of management his current real estate property management company was doing. He had a contract with the previous real estate property management company. The investor wanted to honor his contract and hold through until the contract was over. Then he would have Synergy Property Management take over the property.
A few months pass, and I get an email from this same client asking me to call him as soon as I can. I made the phone call, the client proceeded to angrily tell me that he would be getting out of his current contract immediately, even though he would incur a pretty hefty fine. According to this client, the previous real estate property management company had rented one of his units to a low income tenant. He was not very happy about this. However, it would be a guaranteed payment, so he would not have to worry about rental income coming in. The property was supposed to be inspected every six months. When it was he received photographs of a unit that was still clean and tidy.
It is important to make sure your property management company is taking care of your renters and property!
However, a few months after this event, he was told that he now had a pest problem. Not only did he have a pest problem, but the unit in which they were coming from was in horrible shape according to the real estate property management company. The problem was so bad that the pests had infiltrated the remaining 3 units. Now he had one more tenant was going to leave. Therefore, he asked Synergy Property Management to take over the property. He wanted us to take control of the property once more. On top of all of this, the client said that the vacancy that was filled was after being vacant for 3 months.
At Synergy Property Management, we aim to never have this story be one that our clients can tell. We aim to take such good care of the properties we manage, that our clients would not think of referring their friends, family, and coworkers to a different real estate property management company.
Until Next Time,
Sanjeev (Sunny) Advani
– Real Estate Agent / Property Management / Investment