Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Q: We hired a management company to find tenants and collect rent at our rental in a nearby town. Over the past two years we've had four sets of tenants; one broke the lease and we had to file evictions on two of them. The property is nice though the market is cool now. We're tired of the fast turnover -- are we or the management company doing anything wrong? --Jose M. A: It sounds like the company is filling your property too quickly, perhaps without taking the time to properly screen applicants. A management company will be tempted to find tenants fast because it gets a cut of every monthly rent check: The sooner it's rented, the sooner the checks come rolling in.In addition, the company gets a fee every time it has to show and rent the property. It doesn't take a genius to see ...