Property Manager wanted for the Denver area. Job requirements are simple, do your job and respond to my calls within 48 hours not 168+.
If you haven’t guessed I am have some serious property management issues at the moment. My pm has been pretty good up until about 1 month ago. She really started dropping the ball. I have one property that is still missing the Government portion of Sec 8 rents. The other property went vacant last weekend 4 months prior to lease being up with barely a word from my pm.
I am to blame. I let to many small items slip through and now I have two major items on my plate. Thankfully due to the refi’s I have a small 1 month reprieve on mortgage payments. This issue kinda shot my best laid plan of hitting my full savings goal for my business account.
My lessons learned. I need to have lease agreement dates on my calendar and check in the my pm 2 months prior to expiration. I also need to have, at a minimum, quarterly inspection reports with pictures. To damn easy this day in age with digital cameras. I also need to be very upfront with the pm on my requirements for timely response. Yes I am picky, but I prefer a response within 24 hours, no exceptions. While she certainly dropped the ball, I am just as guilty for not managing my property manager and taking things for granted. I will be setting up my own checklist of rules I will follow to ensure I don’t have this problem again.
Several folks that have property management through this company know each other. We are all actively searching and asking around. Perhaps we can push a better rate if several of us go with the top choice. That said, I will still evaluate all companies on my own and decide my best choice. Even if it means I do not have group negotiating leverage.
In other news. I had to do a pre-approval a bank owned property’s loan approval department. I think this worked in my favor. I got an email today for them to send the bid forward. I should hopefully hear within the next few days on whether I was high bidder or not. I bid slightly over asking, but below my original offer. With 1 other bidder, I stand a decent chance at this one. I’ll share as soon as I know. That’s all for now.
On side note, I started a Motivational Quote’s page to add all the quotes. Mostly so I can remember which ones I have used, but partly so others have access to some good quotes. I’ll leave you with this one, it seems very fitting today. “A small leak can sink a great ship. ” Benjamin Franklin
