OK, here it is. It seems like I need to get dragged into things lately in order to participate. Maybe it's a sign of getting older. So, this is my first blog. I've been playing with computers for over 20 years and i've been "on-line" since the old AOL days of the last century but I've never gotten into this blogging stuff. I don't know where it'll all go but, hey, such is life - especially in Real Estate. I'll be sending off the link to some of my peers who've been asking me to do this for some time but, for those of you who haven't met me yet - maybe a little intro is in order. I'm an associate broker with RE/MAX who started a property management business with a partner (also a RE/MAX broker) early this year (2008). Both my partner, Ron, and I felt that the area suffered from a real problem with property managers. It became impossible to find one that our buyer clients could truly depend on. That is why we're here. Over the years I've worked with many different "property managers" who have mostly followed this interesting course - First, they start out with the best of intentions - Then, they take on too many properties too fast without all of the business systems needed to actually handle the work. Normally, the way that they take on too much business is that they take over some other property managers book of business - from someone who didn't tell them that the reason why they're getting out is because of being overwhelmed. Finally, in just a few months, our new property manager realizes that they are now the ones looking for a newer property manager to 'sell' their book of business too. Of course, the property is a mess, the bookkeeping is non existent, and the tenants are hostile at this point. Most importantly, No One knows where the money is. It truly is a vicious cycle.
What's different about us? We started this business with the premise that "Everyone needs to walk away happy". In fact, this is our motto - right at the top of our letterhead. Building on that, we decided that we needed to organize the business in such as way as to be "designed for growth". Most investors are taught to ask property managers how many properties they manage and to stay away from manager who have more than a certain amount. That's because most property managers are simply a guy with a toolbox and a pickup. Our business must be designed for growth in order to live up to our motto. We use contractor for all of our service work so if we have more work, we simply employ more contractors.
OK, I could ramble on and on. That's it for now, talk soon.