Working with Reed has been the costliest and most regretted financial decision I have ever made. When you add thousands of dollars paid for painting between tenants that they were unacceptably slow in completing to thousands of dollars in mortgage payments made on a vacant home with no tenant while they very poorly marketed the property and charged high markups and coordination fees, the loss was 5 figures.
Reed had my property vacant for 3.5 months before I discontinued service with them. When I moved away from them and the property was marketed properly, it did not take very long to place a tenant with a strong income and credit profile who has now leased the property.
Reed took 68 days to even list the property for a "small punch list" (their words), cleaning, and painting. Constant delays and not delivering In the amount of time communicated.
The worst part was that all of the tours of the property were self-tours, only to find that there was an issue at the property Reed was unaware of. I was already considering firing them, so I sent someone to take pictures, and that person informed me the carpet was wet from a leak. I asked Reed why this leak had not been discovered during tours, only to find out that ALL OF THE TOURS WERE SELF TOURS. Why pay a property manager if they won't even show up to show the place to meet prospective tenants?
Finally, other issues were found such as not charging the past tenant for leaving behind significant junk in the shed in the back yard.
STAY AWAY read more