Lambros Property Management, LLC

Serves East Point, GA

35244

Hired 5 times

4 employees

6 years in business

Free on-site estimate

4.5

This pro accepts payments via Cash, Check, and Credit card.

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Credentials

Background Check

Michael Lambros
Completed on 11/17/2020

Introduction

Managing your property yourself can be hard. Leave it to us! We are a full service property management company offering the latest and greatest in technology for homeowners in need of property management. With over a decade of property management experience, we are equipped to handle your precious investment with care. We understand the meticulous detail and time required in managing your assets. Our focus is simple: To provide exceptional service to our owners, screen and procure the best possible tenants, and then provide those tenants with the same top-notch service.

Q&A

What should the customer know about your pricing (e.g., discounts, fees)?

We are honest and transparent. We do not tack on any ancillary fees on top of our monthly management fees like so many of our competitors do. We only charge 50% procurement fees. Plus we cap our monthly management fee at $100 (normally 8%). How many other PM companies put their pricing out in the open like this right up front for all to see?

What is your typical process for working with a new customer?

I try my best to understand exactly the goal of each new customer and how I can best utilize my knowledge and services to help them achieve said goals. We offer a free, no obligation rental analysis to each new customer and walk the property with the customer to see how we can maximize asset performance for them.

What education and/or training do you have that relates to your work?

Formal education includes a BBA in Finance from Georgia State University. I obtained my real estate salespersons license in 2007 and my brokerage license in 2012 (the same year I opened my own real estate brokerage firm). I am a licensed Realtor and a member of the National Association of Realtors (NAR) as well as the Northeast Atlanta Metro Association of Realtors (NAMAR) .

How did you get started doing this type of work?

My grandparents were small scale commercial investors, and from early on I was riding around meeting tenants, cleaning units, collecting rent, etc. After getting my real estate license, I switched to residential property management where at my peek, I was managing over 400 units. However, I didn't like the exorbitant fee structure that is common place with other PM companies, so I decided to open my own PM Brokerage.

What types of customers have you worked with?

Portfolios of all sizes welcome. Yes, we love our large portfolio investors, but personally, I have a heart for the "accidental landlord" because that's how my wife and I started investing. If you outgrow your personal house, but aren't ready to sell yet because you want to keep the appreciation train moving while having someone else pay down your mortgage, then call me to help you manage your property and protect your asset.

Describe a recent project you are fond of. How long did it take?

An owner contacted me stating he has been trying to rent his property by himself for 3 full months without any success. Plenty of showings, but no applications... Once he handed the marketing over to me, we brought in our professional photographer and maximized online exposure of the unit. We lined up 16 showings the first weekend on the market and presented him with 4 applications to choose the best suited tenant. Lease signing went smoothly and homeowner has been collecting rent ever since.

What advice would you give a customer looking to hire a provider in your area of work?

Get clarity on their fee structure. The big three costs all property managers charge are (1) tenant procurement fees, (2) monthly management fees, and (3) tenant renewal fees. If you work with us, those are the only fees you can expect. However some PM companies don't tell you upfront what else the charge. They charge maintenance markups or vendor coordination fees, 1099 prep fees, printing and mailing fees, trip charge fees to visit your property, etc. etc. etc.

What questions should customers think through before talking to professionals about their project?

What do you hope to cash flow? What is your end goal with this property? Do you know of any lingering maintenance issues that may need to be addressed before renting your property? Do you have money in reserves? What does your ideal tenant look like? Are you comfortable with pets in your house for a small pet fee?