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PHOENIX PROPERTY MANAGEMENT DOES MAKE A DIFFERENCE WHEN A PERSON IS LICENSED IN REAL ESTATE

By
Real Estate Agent with WEDO Real Estate and Beyond, LLC SA535849000

PHOENIX PROPERTY MANAGEMENT DOES MAKE A DIFFERENCE WHEN A PERSON IS LICENSED IN REAL ESTATE

PHOENIX PROPERTY MANAGEMENTI have been pursuing an investor that has a large portfolio of homes to manage for over a year. The owner hired a unlicensed person to manage the portfolio. That means this person was handling monies on behalf of the owner with no recourse if any monies were missing. Furthermore, this person was conducting real estate without a license. How scary is this scenario? How did I finally win over the owner for the business? Fellow NYer here-we never give up.

The owner finally realized they needed professional Phoenix Property Management representation after a year of pursuit. I asked the owner what changed their mind. They said, "I got tired of doing all the work!" Phoenix Property Management can be grinding at times. However, we have learned to do it on a consistent timely schedule each and every month.

So, I took over two-thirds of the real estate portfolio. Here are some of the problems that I had to address immediately as a professional Phoenix Property Management Manager

  • People not paying rent
  • Tenants in a unit that owner did not know about(How did that happen?)
  • Repairs from various tenants
  • Make all tenants pay on time with us and not the owner
  • Evictions and obtaining the judgment
  • Renting out vacant units to increase cash flow
  • City violations

Where are we 30 days later?

  • All repair issues have been addressed
  • All tenants not paying have been sent to evictions
  • All monies collected going to owner by 15th same month
  • All vacancies being marketed and shown on a consistent basis

Finally, we have more work going forward. It takes time to turn the "Titanic" around in a real life scenario. However, it can be done and we do it every month at Phoenix Property Management.

Do you need licensed representation Phoenix Property Management? We are available and ready to serve your Phoenix Property Management needs.

Give us a call today 602-549-9764 We look forward to hearing from you.

 

 

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Comments (7)

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

One way to look at situations like this, the investor got what he paid for and maybe not even that. He is in good hands at this point.

 

Oct 12, 2013 08:55 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Harry, having his portfolio managed by an unlicensed person does sound like a bad business decision and glad he came to his senses and changed!

Oct 13, 2013 11:41 PM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Harry, I just stopped by to wish you and your family a happy and safe New Year!!!!  Hope to see you soon.

Dec 30, 2013 06:00 AM
Christopher Lotte
Coldwell Banker - Lithopolis, OH
Central Ohio Real Estate Agent, 614-390-9243

hey Harry, you have a good point there... keep up the good work! 

Aug 12, 2014 10:03 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I noticed you haven't posted on Active Rain for a while and was wondering if all is OK?  Come back to the 'Rain!

Oct 25, 2015 11:01 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Wow Harry, it's been quite a few years since you've posted and are you going to start again?

Jun 11, 2016 09:20 AM
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Ready to go Vegas Bob--just wrote my first blog post in three years. Ready to tap the keys. Good to hear from you, again

Jun 11, 2016 09:35 AM