Choosing a Property Management Company and Its Maintenance Services Policy, Part 1
Choosing a Property Management Company and Its Maintenance Services Policy, Part 1
blog1.jpg

May 12,2016

Choosing a Property Management Company and Its Maintenance Services Policy, Part 1

There are many tests in the process of choosing a property management company in Alpharetta, one of which is its maintenance services policy.

There are basically two policy types with a variety of hybrids in between. A common policy is having an in-house maintenance operation. The stated intent of such policy is to control costs by having a salaried maintenance staff. On the surface this makes sense, but when you look at it closer, maybe not. In such a program there is an inherent need to make the operation profitable. Even though the original intent may have been to provide a good economic solution for the property owner, that virtuous intent can become quickly overshadowed by an insatiable pursuit of profitability.  In such cases, maintenance work often finds a way to self-generate.

For example, I acquired an investor a few years ago who owned a duplex. He was jumping ship with a professional property manager because in over a year of service, he had never received a single rent proceeds check. Maintenance services consumed 100% of his rent payments every month.  He was frustrated, and rightfully so. This landlord was helping pay the wages for that management company’s in-house maintenance staff.

One hybrid of this policy is to have an in-house maintenance staff handle some or most of the handyman-type work, while independently contracting for specialized services.  While this approaches a better solution, the same potential fault resides in the policy. We will explore another service option in my next BLOG.

Daniel R. Wilhelm
Managing Broker
3 Options Realty, LLC.
http://www.3optionsrealty.com
678-397-1282

Recent Blogs

small1
Jan 21,2022
What to Expect as a…

Here at 3 Options Realty, January is a month…

Read More
small1
Jan 18,2022
Benefits of Hiring a Local…

If you own a rental space is an excellent…

Read More
small1
Jul 21,2020
Pros and Cons of Landlord…

The main purpose for writing this BLOG is to…

Read More

Landlord Options

small1
Owner Portal

In appreciation for your continued patronage we are pleased to offer you a management fee rebate equal to 2 months of management fees for any…

Read More
small1
Leasing & Management

If you are interested in professional property management services, you probably have some questions about the process and we have a few questions we…

Read More
small1
Rent Disbursement

Standard Rental Proceeds Disbursement Policy. It is the standard policy of 3 Options Realty to disburse monthly rental proceeds to property owners between the 15th…

Read More

We Are Ready to
Take Your Call

lander1

If you have been rummaging through web results for “property management companies near me,” then you are at the right place. 3 Options Realty’s property managers in Atlanta are experienced and trained to deliver top-tier service. Call 3 Options Realty to speak with a friendly representative today to learn more about our property management & real estate services. We are ready to take your call.

Buy, Sell & Rent with 3 Options Realty

lander1

We use professional market research to determine fair-market rent, and we use broad market advertising to reach a large audience. Our agents will also help you prepare your property and skillfully present your property. Prospective tenants will undergo comprehensive interviews and background screening before we negotiate with them the rental agreement using our proprietary, attorney-reviewed forms.