First time i'm starting a thread and apologies if this is a duplicated thread but i noticed there is currently very little info about property management companies here in Malaysia and as we all know, after location, property management is what keeps residential unit prices up.
My condo is coming up for PM contract renewal and they recently asked to increase the amount significantly. We are willing to consider but we wanted to do some research and see other tenders first.
thing is, when we went to check the competition there is hardly any information online except for some probably biased reviews on one or two google sites.
was wondering if anybody has more info on prospective property management companies

Henry Butcher
Knight Frank
Raine, Horne & Zaki
KJ Prop Management

Google up their details...

Thos all are prop mgmt with valid license

When it comes to property management, you pay peanuts you will get a monkey.

Is the amount being increased by a significant amount after a long time being the same?

we are very conscious that if you pay peanuts you get monkeys but what is the yardstick?we have had nobody else to compare them with so we have to take them for their word. they claim its a long time but the MC took over only 2 years ago, although they say that they havent increased since the JMB was managing since 6 years ago.
currently monthly is 6.5k, they are now asking for 7.5k, with a further 1k increase for staff salaries as well.
we dont mind paying the raise but we need to know if we are being overcharged and if we can get comparable rates elsewhere for better service.
does anybody have their own experiences, what is the consensus for the best in the business? and whats their charges for a low density condo?

you have raised an excellent thread my friend.
a lot of PM companies in malaysia, some may have the required licenses and some don't. but both have good and mostly bad ones.
most just do routine stuff and unable to handle 'enhancement' of the property.

therefore there seems to be a over reliance on developer's product to be self sustaining with minor maintenance.
but generally maintenance mindset in the country is really very low.
great builders but lousy maintenance throughout.

for the fees of PM companies, they generally have a recommended scale to charge. usually based on % of the revenue or sf of the development.
it would be good for you or the committee to hold a yearly request for fee proposal (RFP) exercise for others to submit their bid to manage your prop. the tricky part is getting "equivalent" participants.
i.e. you don't call a perodua to participate in the RFP against a BMW or Benz.

anyway, am glad the edge has just started (since 2017 if i am not mistaken) recognising best managed prop events.
https://www.theedgemarkets.com/content/edge...2019-highlights

however they publish the development instead of recognising the company tasked to maintain the development instead. hence still no clue who they are.

thank you for your prompt answer sir, and i agree for the need of like for like comparisons, thats why im asking for personal experiences so as to reach a consensus on who is the best overall, who gives value for money services, who talk a lot of hot air but then are inefficient at their jobs for examples.

i have just approached henry butcher MK to see what their proposal is but since ive stayed in the company, we have had 4 building managers under the current management team:
one left soon after i bought a unit here to go start his own non related business
one died suddenly
one was absolutely terrible and useless and didnt last thru the probation period
the latest one is decent although we do feel there is still room for improvement.

would really appreciate personal insights into the various top tier companies in property management companies in Malaysia as well as solid recommendations on who to approach for parallel proposals to consider

This post has been edited by spursman_forever: May 31 2019, 10:53 AM

Agreeeeee..... I think it's more about promoting developments.. I think there is no best property management company only good quality property managers who consider the welfare of quality maintenance and management of building and of course the wellbeing of staffs.

Look for traits of good property manager instead of good property management company.