All Topics / General Property / Deciding on this property manager who makes guarantees

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  • Profile photo of steve111steve111
    Member
    @steve111
    Join Date: 2010
    Post Count: 3

    l have several IP s and have come across a prop manage company that offers a money back service guarantee and a no rent loss guarantee.
    they offered some references which have contacted and it all seems to stack up.
    Has anyone ever heard of these guarantees before?
    any feedback would be appreciated as l have never heard of this before.
    Generally l have had pretty ordinary prop managers over the years.

    Profile photo of JimuJimu
    Member
    @jimu
    Join Date: 2010
    Post Count: 5

    Hi Steve,
    What money are they paying back on the guarantee? their commission or the rent that was not paid by the tenant? Do they cover the cost of eviction if needed? Is their office close to your properties so as to keep an eye out? When is the money repaid to you – this is important as you may have mortgage costs that you will need to pay while waiting for them to honour the guarantee.
    Look very closely at what they are offering and their charges.

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 992

    This looks like a promotion to me

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
    Email Me | Phone Me

    selling motels in NSW

    Profile photo of steve111steve111
    Member
    @steve111
    Join Date: 2010
    Post Count: 3
    thecrest wrote:
    This looks like a promotion to me

    What do you mean? l do not understand your comment, please clarify.

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 992

    …." Looks like " ….  : Promotion, as in interview style advertisement, preamble stage. 

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
    Email Me | Phone Me

    selling motels in NSW

Viewing 5 posts - 1 through 5 (of 5 total)

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