Los Angeles, CA
I was using a low cost property manager thinking I was saving money. Come to find out, it cost me much more to work with them than I thought. I did not realize how much I was loosing with a discount management fee company in terms of vacancy time (2 or 3 months of lost rent), turnover cost (replacing carpet, paint, blinds, etc) and eviction cost on my overall return. I switched to Majestic Property Management because of their superior management. I was told Majestic was the most expensive company in town. In reality, however, Majestic delivered the lowest cost overall, even with their higher management fees, over the long run taking into account evictions, turnaround cost and vacancy time. Majestic rents my homes in 2 weeks (not 2 months). I never had an eviction with Majestic and my turnaround cost is minimal. Majestic proved that I was far better off to pay more for high-quality management in order to save money overall on my investments. Y Lin, 4-22-13
Best repair shop I have been to. They were very informative and very transparent with what needed to be done!