Management Company In NC

Comments(7)

• 
  stormin7th August, 2004

  ARe you with Marshall Reddick

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  c5hardtop9th August, 2004

  I have some property in eastern nc. The properties I have with managment is 8% flat, no other fees for any services other than court evections, fee for that is $150 and covers court costs. This is the first time I've ever heard of a new tenant leasing fee? The Greenville based manager won't do Jacksonville though, to far. Standard rates in area are 10%, decreasing if you can negoitate turning over more than a few to them.

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  drmag9th August, 2004

  Thanks for the responses.
  Yes on Marshall Reddick.
  
  Good info on mgmt fees. Although there is a new tenant fee, monthly fee is only 6%. So, I take it a new tenant leasing fee is not standard?

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  stormin11th August, 2004

  Use them I met them and I feel they are www.honest.I sell in CHarlotte N.C. alsoReddick

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  j_owley11th August, 2004

  the up side if the tenant stays a very very very long long long time you may be ahead. if not you are taking it in the shorts
  
  now if this was a fee simply to find you a tenant and you will manage it your self. it may not be bad. one out fit told me there charge is 1 month's rent to find a qualified tenant
  
  

• 
  davmille11th August, 2004

  I don't like leasing fees, but you may not have a choice. Even within NC, it is a local thing. In some towns everyone charges it, in some half do, and in some none do. Personally my PM's don't charge it, and they only charge 6% and 7%. I have spoken with friends who have had very bad experience with PM's that charge leasing fees. After all, they get paid the equivalent of 1 years management fees everytime they stick a new tenant in a unit. It could actually be to their advantage to have high turnover. Again, all the PM's in your town may charge this fee so you may not have a choice if you want them to get the tenant. I would suggest that you get the tenants yourself. It is actually much, much easier than you think. Your best prospects for long term tenants will come from people already living close by. A simple sign in the front yard will quickly get the word out to 85% of the people in the area that the place is for rent. Then just read up on screening tenants. Besides the standard screening stuff, the best tip I could give you is to go with your gut feeling about whether this person is someone you could trust and like. You don't want anyone who won't look you staight in the eye, and isn't pleasant to talk with. Talk with them a lot, and if they complain about anything, skip them. You get the idea.

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  davmille11th August, 2004

  Well, I just noticed that you live in CA. I guess you can forget all of that stuff about finding your own tenants!