U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-08-2011, 01:25 PM
 
124 posts, read 227,044 times
Reputation: 55

Advertisements

I am having to move out of state in the next few months and I need to rent out my house for about 1 year. House is in North Central San Antonio, (Inwood).

Is the rental market good for single family homes?

Can anyone recommend a property management company?

What do they typically charge?

Will they handle maintenance issues etc.?

Thanks in advance.
Reply With Quote Quick reply to this message

 
Old 09-05-2011, 01:15 PM
 
708 posts, read 1,234,493 times
Reputation: 399
What did you end up doing or using?
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 07:08 PM
 
Location: Spurs country. "Go, Spurs, Go!"
3,366 posts, read 3,928,482 times
Reputation: 8660
I'd like to know as well. I may need the same thing.
Reply With Quote Quick reply to this message
 
Old 09-05-2011, 08:08 PM
 
890 posts, read 1,524,992 times
Reputation: 952
Maybe they would have given an update it if someone had responded a month ago.
Reply With Quote Quick reply to this message
 
Old 09-06-2011, 08:36 PM
 
Location: Spurs country. "Go, Spurs, Go!"
3,366 posts, read 3,928,482 times
Reputation: 8660
Quote:
Originally Posted by dbbd View Post
Maybe they would have given an update it if someone had responded a month ago.
I sent the OP a DM informing of replies and asking for a response.
Reply With Quote Quick reply to this message
 
Old 06-11-2013, 10:53 AM
 
7 posts, read 12,038 times
Reputation: 11
I know this is an old post but still like to share my experience.

Like OP, I moved out of TX and need a property management company (PMgt) to rent out the house (NW, between IH 10 & 1604). PMgt I've came across either charge 10% of monthly rent or a flat rate (usually $100 or more), so depend on your rent one may be cheaper than the other. The one I went with was flat rate, specialize in N & NW area only. PMgt was able to rent the property out two weeks within us signing contract (though the property was in a desirable location to begin with, people knocked on door the same day I put out for rent sign by myself), agent responded within 24 hours after I send them a pricing inquiry, met her three times in one week to finish contract.

It was shy of $400 for lock change, which is necessary each time a new tenant moves in. I understand the security issue, but the price of labor is a killer especially when I could have done it for half the price. Patty cash of $300 was taken out from first month rent as well. Had these been discussed before I singed the contract, I could have budget for it better. Imagine my horror when I checked the direct 'deposit' amount, and I thought first month rent income could cover some of the cross country move There was another $450 (ish) one time advertisement fee that was collected up front, didn't have to pay it again as long as I am with the company.

Other first year hiccups were HOA wasn't paid, I received a COLLECTING Warning letter from HOA! Didn't hurt my credit score, but did took two months to sort it out. Tenant left out big trash items and didn't cared for front lawn, so bad that HOA (5 people in HOA to 'govern' over 250 properties, it must be horrible to get their attention) wrote four letters.....all of these again should have been taken cared of by PMgt if they actually send out the change of address letter I authorized. Rent was estimated on the lower end, guess it didn't matter to them much since they get flat rate not % of rent. It was almost 10% lower than what it could have been. Accepted tenant with pet when I expressed non smoker and no pet policy.

Despite all the negative experiences, the peace of mind and their efficiency some what made up for it. I'd rate it 7.5 out of 10 over all.

Not sure if I can post name directly, but please feel free to message me privately if you'd like the name of PMgt I use.
Reply With Quote Quick reply to this message
 
Old 06-14-2013, 11:04 AM
 
98 posts, read 301,425 times
Reputation: 33
Would like to know anyone else's experiences as well. We are looking to rent out a home until we can get out of our lease. The place we rent from now is outrageous. They give a 50% finders fee to the person who finds a tenant (take it out of the first months rent). They also have the 10% monthly management fee. I've never heard of an advertisement fee, but I'm sure that's something they left out.

Does anyone know of a company that has more reasonable rates?
Reply With Quote Quick reply to this message
 
Old 06-17-2013, 02:43 PM
 
Location: McLean, VA
790 posts, read 1,604,392 times
Reputation: 556
I rent my house in Terrell Heights with similar experiences and costs as mentioned by others. There is usually an advertising/ finders fee, rekeying cost, etc. My company also requires that all windows lock, all doors open, smoke detectors work and so forth. There is a 10% or flat $100 a month fee.

I keep my property in tip-top shape and have few issues. However, I have had an interesting plumbing episode (the property management-recommended plumber said a job would be $1800 and I found my own plumber who did the SAME job for $110... no joke). I went ape-poop about that and now they don't do that to me. They have found GREAT tenants, however, and it's one of the reasons I have kept them. It does provide some peace of mind. Hope this helps. Feel free to DM me for names, etc.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 05:22 PM.

2005-2019, Advameg, Inc. | Please obey Forum Rules | Terms of Use and Privacy Policy

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top