Why I hate Property Managers: Reason #284

Anesia, at The Landlord Blog, has another post about how her neighbors are getting screwed because they chose to use a Property Management Company(PMC) instead of taking care of the property themselves. From her post:

They gave the rental listing to one of the largest property management firms in Phoenix after seeing a sign in another yard on our street. They instantly knew the management company was terrible but didn’t want to deal with negotiating their money back or taking a loss and changing companies. They had no input into the tenant screening, aren’t aware if any was done, and didn’t realize the tenants moved in with two dogs. They’ve already been cited by the HOA because of the overgrown landscaping.
I've written several times about how poor management companies are. DO NOT USE THEM! Using a PMC is like trusting a used car salesman to pick out a car for you and set up the financing. There's an outside chance that he might be really, really honest and give you a fair deal, but you almost certainly going to be screwed.

If you deperately want to avoid dealing with your tenants, hire a personal Property Manager.

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