Investor Real Estate Accounts

For real estate investors to keep track of their properties rental performance and tax information in one place.

This blog covers the general topic of real estate markets.

Manage your property manager

first posted: 2019-06-11 05:05:13.125196

The best time to discuss things is when you are hiring a property manage. Here are the points that should be discussed:

  • business setup
  • management details
  • automation and reporting
  • management fee structure

Business Setup

  • how many units they manage, what is their vacancy
  • what property types and locations
  • how many staffs,
  • since when and how did they get into this job,


  • tenant screening,
  • tenant turns, turn/vacancy length
  • dealing with late or non-paying tenants,
  • tenant calls/work orders,
  • city violations
  • what tenancy length do they achieve

Automation and Reporting

  • do they have a payments' portal for tenants
  • do they use appfolio or propertyware


  • what is the annual fee (standard is 8% to 10%)
  • cost of advertising (1/2 month of rent to 1 month of rent)
  • any extra for lease renewal with same tenant?
  • any extra for annual inspection ?

Paying 1 month of rent for a new tenant means that you are losing 8% of the rent of the year. This almost doubles the cost of management for that year.


Here is a good article from listenmoneymatters on how to evaluate a property manager

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