How do I pick a property manager for the first time?
I'm looking for advice from landlords or property managers who have dealt with high-maintenance tenants.
I own an older rental in a very tenant-friendly jurisdiction. I'm proactive about maintenance and fix issues properly, but as expected with an older property, things come up from time to time. I've been self-managing this tenant for a few years, but I'm ready to hand off the maintenance and day-to-day management because I really don’t have the time and energy for property management anymore.
The tenant previously escalated a significant maintenance issue to the local housing authority. It was ultimately resolved well, and our relationship has improved since then, but they still seem demanding and may escalate concerns if they're unsatisfied. On the other hand, they always pay rent on time, follow the rules, report maintenance issues promptly, and are otherwise reasonable.
I'm deciding between two property management companies:
Company A
- Pros: Boutique firm recommended by my attorney. Experienced with difficult tenants, lease enforcement, and has capable in-house maintenance.
- Cons: Higher fees, mixed/polarized online reviews, and I worry they may come across as too confrontational and increase tension.
Company B
- Pros: Larger, more established firm with excellent online reviews. They seem to have streamlined maintenance processes, are well regarded by tenants, and tend to manage properties that are already well maintained (which mine is).
- Cons: I'm unsure how experienced they are with tenants who push boundaries or threaten complaints, as they seem more process-driven and less personal in day-to-day interactions. Their in-house maintenance is also limited, so they'd rely on outside vendors for more complex work, which may not save me much compared to using my own contractors.
Given this situation, would you choose the firm that's stronger at conflict management or the one that's known for building positive tenant relationships with streamlined maintenance process? For those who've hired PMs for challenging tenants, what qualities ended up mattering most?