First month free! First 3 months for $50!
We’re not used car salesmen. We don’t sell cell phones. We are professionals.
Recently, I’ve been seeing another ridiculous trend in our industry. This time it’s property managers advertising ridiculous special offers like these. The next thing they’re going to do is put a Dubstep Conductor out front of their office. What would you think of an attorney advertising like this (although some aren’t too far)? What about your CPA? How about your doctor? Property managers provide a professional service to our clients, just like these other specialized professionals. We should all act like it—save the promotions for the used car salesmen and the cell phone carriers.
Some of you are thinking, “but what if it’s a good deal?” Fair enough. Just be smart and make sure you look at a couple points:
First, you need to double check the fine print. As with “no money down, 0% interest” deals from the car companies, you’ll likely have to meet an insane criteria that probably won’t apply to, well, anyone.
Second, you need to look at the contract terms. What does it cost to sign up for their property management services? How long are you forced to stay with them? And, what sort of termination penalty are you looking at when you ultimately need to cancel their services? The only way companies can afford to offer crazy incentives is to either overcharge for the services or hit you coming and going—or both.
Deals that are too good to be true usually are just that, too good to be true.
Now, sit back and ask yourself this: why would a company offer signing incentives like this?
- They’re hurting financially and need the revenue. At this point, they’ll take any property they can get just for the cash flow.
- They don’t care about the client and just want growth—you’re just another line item on their books. This is what happens many times when a company is about to be sold. The people you’re signing with may not be there for long.
- Simply to generate buzz and get your attention. Then, when you don’t “qualify” for the incentive, you’ll get the bait-and-switch.
Do you really want to trust your several hundred thousand dollar investment property to a company who needs your business this badly or wants to operate in this manner? They don’t care about you or your property, they just can’t.
Why doesn’t Pyramis offer incentives like these?
We are professionals. Period. Most of our business comes to us because of our reputation. Many new clients come to us as referrals from existing clients. Pyramis’ existing clients stay with us on average for 8.5 years. That’s a long time in a town like San Antonio. Several clients are still with us from way back in the 1980’s.
Another place we receive a lot of new business from is referrals from other real estate agents in the area. Many agents realize that while they legally can perform as a property manager, it’s best to leave it to a specialist. Those smart agents also realize they can partner with a company like Pyramis and make sure their clients, and their clients’ assets, are well taken care of.
So, if you’re interested in gimmicky special offers, this may not be the place for you. But, if you’re interested in working with San Antonio’s leading property management specialists, we’d love to see how we can best help you.