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Old 12-20-2009, 03:27 PM
NRN NRN started this thread
 
2 posts, read 2,590 times
Reputation: 10

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Were looking to rent out our residential home in northern suffolk and need advice on finding a good property manager.

What should I be looking for?
What type of questions should I ask?
Is anyone working with a company at this time that they highly recommend?

Any comments or advice is welcomed.
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Old 12-20-2009, 06:20 PM
 
Location: Virginia Beach, VA
2,124 posts, read 5,708,682 times
Reputation: 753
I would be looking for a property manager hat is close to you and has ties to your community. If you have a real estate company that you have used, ask them if they have a property managment dept. Ask how often they will visit the property. ask to see their credit report.

good luck!!

shelly
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Old 12-20-2009, 09:22 PM
 
52 posts, read 86,230 times
Reputation: 29
We are renting through United Property Associates. They have been OK. Very prompt about getting things fixed, but we decided to go month to month with them on November 1 (our lease is up Jan 1) as we had to give them 60 days notice. We just got a letter in the mail that we have to be out of our condo Jan 31st (just over a month's notice) because the owner is moving back to VB. We feel we should have been given 60 days notice since we had to give them 60 days... This might not be important to you, but it sure puts a strain on us for the holidays.
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Old 12-21-2009, 09:15 AM
 
Location: Va Beach
3,508 posts, read 8,663,488 times
Reputation: 965
Quote:
Originally Posted by shellytc View Post
I would be looking for a property manager hat is close to you and has ties to your community. If you have a real estate company that you have used, ask them if they have a property managment dept. Ask how often they will visit the property. ask to see their credit report.

good luck!!

shelly
Good advice! I've heard alot of bad news about William E. Wood in the va bch area. Renters really had a hard time getting things done. I'm sure this had alot to do with the Property Manager at that time. One neighbor from my old house said it took them 4 weeks to get a branch cut in front of the house that could break off and come through their window.
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Old 04-04-2013, 04:53 PM
 
351 posts, read 352,321 times
Reputation: 148
Hi,

I am pretty much 70/30 on getting a property manager for my first rental (to someone I know). One nice gent sent me a recommendation in the past, but could I re-poll you good folks on any companies you would recommend in particular? I think 10% of the rent is an awful lot to charge, but I also heard less than 8% may be a bargain basement outfit. I am just learning these things slowly as I go, don't know how true they may be.

One alternative I'm looking at is hiring an attorney and finding my own on-call repairman, for which I'd also appreciate any recommendations.

To you renters: do you one day ever intend to sell after the market recovers? I know I plunked down plenty with a high mortgage rate for 4 years, then refi'd, and now I'm basically back to square one on equity.

Thanks for any and all comments.
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Old 04-05-2013, 07:58 AM
 
Location: From TX to VA
8,422 posts, read 2,543,522 times
Reputation: 7561
Hi ya D -

I sent you a DM.
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Old 04-06-2013, 08:15 AM
 
Location: From TX to VA
8,422 posts, read 2,543,522 times
Reputation: 7561
D, this article came out in today's HOME supplement of the paper. It might interest you on being a landlord...

So, you want to be a landlord? | HamptonRoads.com | PilotOnline.com


Have a good weekend!
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Old 04-07-2013, 09:47 PM
 
351 posts, read 352,321 times
Reputation: 148
Lily, you are awesome as always. I think I've pegged your karma meter though, can't send anymore.
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Old 04-09-2013, 09:11 AM
 
Location: Charleston, SC
1,126 posts, read 811,154 times
Reputation: 574
Thanks LilyLady, I also am about to rent my townhome out here in Charleston and the article helped me too.
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Old 04-09-2013, 09:27 AM
 
Location: From TX to VA
8,422 posts, read 2,543,522 times
Reputation: 7561
Quote:
Originally Posted by D train outta nowhere View Post
Lily, you are awesome as always. I think I've pegged your karma meter though, can't send anymore.
Quote:
Originally Posted by coastalbum View Post
Thanks LilyLady, I also am about to rent my townhome out here in Charleston and the article helped me too.
I'm glad it helped.

Coastalbum, does that mean you're coming back here?
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