KGC Properties LLC ~ Property Management & Real Estate In Tucson!

head_left_image

Reasons Do-It-Yourself Property Managers Finally Call A Professional.

There are many individuals who successfully manage their own properties -- generally, these folks have one or two that they take care.  They are skilled enough to manage repairs, run ads for tenants and then enter into lease agreements.  

Not counting a few problems here and there - these individuals are content and feel good about saving the between 6 and 10% property management companies charge.  And then, something goes wrong.  Really wrong.  And by the time the call me - they are desperate for advice and want to turn their property over for someone to handle.

What are the top reasons do-it-yourself property managers have when they have finally had enough?

#1 on the list - "They did not know ..... (fill in the blank)".  Not knowing is not a reason that works in court.  And many property owners find that out the hard way.  Arizona is a very tenant friendly state - rental laws are heavily regulated, as are fair housing and tenant/landlord rules.  You have to "know" what your responsibilities are - ignored or unknown responsibilities are lawsuits waiting to happen that never win in court. 

#2 on the list- an outdated or office supply store lease did not protect them.  These are very generic leases - and do not cover all the typical issues that can - and generally do come up.  In addition, these leases do not have all the rental addendum's needed for not only landlord protection, but tenant.

#3 on the list - they found out what the high fines are and once they wrote check to pay out for their errors - almost all do-it-yourself property managers - call a professional.  One owner realized that hiring me for 5 years would have been cheaper than the fine he ended up paying.

But don't wait until it gets to that point - get experience on your side.  KGC Properties LLC has been managing property for over 24 years - we are Tucson local, we have happy tenants, we have happy owners, we have low fees!  Visit our website for more information!

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com .

                                                 

 

This blog is written with my opinions and my opinions are  presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .

 

Comment balloon 7 commentsGabrielle Kamahele Rhind • March 20 2011 08:51PM

Comments

Great post * please consider posting this in the property management group AND real estate trends

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) over 7 years ago

I think that property management is one of the most difficult arenas in the real estate industry. You are so right on that one our two properties might be capably managed, there is so much the owner may not know, and could get into big trouble, one property or ten. Call Gabrielle for the best service, the service you deserve.

Posted by Glenn Roberts (Retired) over 7 years ago

Love cleaning up the messes, evictions, etc. to get the owners out of the emotion and me into the business.  Property managers do SAVE you in costs.  Have great handyman sources too to get the job done quick and right.  Great post.  Owners do learn by their mistakes and it does hurt when they do.

Posted by Connie Goodrich, CRS ABR (McKinney Realtor)Texas (Keller Williams Realty) over 7 years ago

Gabrielle....Great info and nice post!
Hope you and your family have a great day!---Rob

Posted by Rob Thomas, Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro (Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954) over 7 years ago

As always Gabrielle, all good information. My husband owners many rental properties (what a nightmare) and from what I've seen, the tenet (in NJ) has more rights then the owner. An getting out bad tenants take a real long time, and sadly they usually cause major destruction before being thrown out and disappear into never-never land! And, he has professionals handle it and a team of lawyers!

Posted by Kristine Ginsberg, NJ Home Stager (Elite Staging and Redesign, LLC) over 7 years ago

Gab, propery management seems way too complicated to do it yourself.  I think it makes better business sense to hire good people.

Posted by Dan and Amy Schuman, Luxury Home Specialists (Howard Hanna Real Estate Services) over 7 years ago

Gab,

It's raining!  Can fields of poppies and lupine be far behind?

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 7 years ago

This blog does not allow anonymous comments