PropertyManagementMaven: New Client on FRIDAY * Lost them on SATURDAY...I still say TIME WELL SPENT!

New Client on FRIDAY * Lost them on SATURDAY...I still say TIME WELL SPENT!

I went to a property presentation on Friday for a very desirable rental home * BIG with a 2-CAR garage * 2 of my 3 favorite features of a new rental home.

I had already sent these owners my management proposal and management agreement and was expecting to meet with them, sign the agreement, get the property keys and a check.

I arrived to find a U-HAUL truck in the driveway as they were moving the washer/dryer from their current home * 2 hours away * into the rental home.  THIS would not have been an expen$e I would have recommended....offering the home with NO washer and dryer allows for more options for the new residents.

THEN.....a representative from a local painting company arrived so I walked through the property with the wife while the husband walked through with the painter...IMHO only a few rooms needed to be touched up - just a few walls, not the entire room, trim or ceilings and while the wife HATED the MAN CAVE in the basement , I offered that it needed no work at all...it was a PERFECT MAN CAVE complete with REDSKINS or VaTECH decorating and colors...I would NOT change a thing.

After driving away with a signed management agreement and keys to the property AND the painter's representative's card, I just needed the owner's $500 check to establish their property account in my system.

THEN....on Saturday, I received his cancellation e-mail after an earlier e-mail indicating they had CANCELED the contract they had signed with the painting company the prior day.

I SAW THE BRUSH STROKES WERE ON THE WALL.....1) they did not know what they were doing; 2) they were willing to WA$TE their $$$ rather than VALUE or take my input on what was really needed to rent the home; AND 3) I was the WINNER!

While there were several more e-mails about me mailing back the keys; leaving them at the house; changing the locks....I realized I was dealing with someone NOT ready to let go (CONTROL) or LISTEN.

....AND I am fortunate to NOW have the business card from a really good local painting resource...I'm the WINNER

 Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

LandlordWhisperer

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Comment balloon 3 commentsWallace S. Gibson, CPM • February 18 2013 05:14AM

Comments

Wallace, as the song goes "know when to walk away and know when to run!" Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) over 6 years ago

Wallace, 

We can't help everyone, nor should we want to!  Knowing who you want your clients to be is CRITICAL.

All the best, Michelle

Posted by Michelle Francis, Realtor, Buckhead Atlanta Homes for Sale & Lease (Tim Francis Realty LLC) over 6 years ago

Congratulations Wallace, sometimes its great to get out of a bad deal before you have invested much time or money.

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities) over 6 years ago

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