There is No "I" on the P-Team
Progressive Property Management - Thursday, February 12, 2015
Most property management companies assign your investment property to one of their Property Managers who then takes on the day to day management of that asset. This has some benefits: you create a relationship with one person, that person is held accountable for each property, and they have a familiarity with your property. But in my opinion, there are serious drawbacks with this arrangement: if that person goes on vacation or leaves the company, no one is familiar with your file; that person must do all the tasks associated with property management (leasing, contracts, lease-ups, inspections, etc.) and may not do all of them equally well; and if they manage a good number of properties, they may spend more time out in the field rather than be in the office to take on calls about property issues.
Progressive Property Management, Inc. has adopted a