A couple years ago, I asked my broker if he knew any good property managers to recommend.
He said, "that's one of those questions that's hard to answer. I don't know if there is a good one... it's sort of like asking if you know any good landscapers."
Clearly, my broker had issues with landscapers and property managers.
I asked a few other agents who ranked on their "hardest to find" list.
One said 'auto-mechanic', another claimed 'family doctor', a third interjected 'cosmetic surgeon'.
The last one I put in the "too much information" category.
Well... the longer I live the more I've begun to think my old broker was right.
Though I've discovered a couple good landscapers, I haven't found too many great property managers.
I know they are out there- but I realize their job is quite difficult. It's one of those professions that is pretty thankless- if the property manager performs well 99 times, they're great. Mess up once and prepare to feel the wrath.
What do property managers do for the real estate investor? They find the good tenants. They evict the bad ones. They make sure everyone is paying on time or bill extra to those who don't. They're hard working, seldom appreciated and underpaid. Beyond this, they perform many other essential services the client doesn't see.
I wouldn't want to be a property manager.
But a few people do. And now they work for my brokerage.
If you're needing a good property manager in the Phoenix metropolitan area, let me know.
We have several agents that are new to our brokerage, but not new to the business.
They've handled hundreds of clients in their day. And they're willing to handle hundreds more.
If you're interested, drop me an email.