Property investors are not just investing their money into a piece of property; in many cases, they are also investing copious amounts of their time. This is because properties need management and maintenance, especially once they become filled with tenants. For this reason, property investors often elect to recruit professional property management companies, who can offer more efficient services and reduce the amount of time the investor has to spend doing maintenance and addressing tenant needs. Not all of these property managers turn out to offer satisfying services, however—and a new poll from PropertyManagementReviews.org reveals some of the reasons why.
The site’s founder,
The site’s most recent poll asked readers just that—what their biggest complaint was with their current property management company. The most frequent response was “Poor Communication,” which got nearly a third of all votes cast.
After that, 24 percent of respondents claimed that their current property management company failed to maintain the property well; 14 percent said their property manager was too expensive; and 7 percent called their property management company disorganized.
Meanwhile, 13 percent selected the “Other” option, and 9 percent of the survey respondents were currently between property management companies.
“It is not surprising that poor communication is the foremost complaint,” Kay assesses. “At PropertyManagementReviews.org, we know that dismal communication can ruin an otherwise fruitful professional relationship, and as such we try to use our site to point investors toward companies that really make communication a high priority.”
PropertyManagementReviews.org offers detailed reports on some of the best property management companies from around the country; the site is available at http://www.propertymanagementreviews.org.
Read the full story at http://www.prweb.com/releases/2014/02/prweb11581536.htm
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