Principle Property Management

Unprincipled Property Management! Beware homeowners.
My husband and I just got out of an escrow because the house we wanted to purchase (student rental in the heart of the UO neighborhood) had been so poorly managed by Principle Property Management. In my due diligence on this property I called PPM and spoke to Lori Barnett. Lori lied to me repeatedly. The truth was supported independently by physical documentation! Lori also stonewalled the sellers agent for requested information.
Due to PPM’s incompetent management there were a plethora of issues that legitimately eroded the value of the property, ultimately making the price we were originally willing to pay unsupportable. The absentee owner was not not as willing to negotiate as he might have been if he were more aware of the physical condition of his property… if he’s been talking to Lori he might not be getting the truth.

We hired Principle to manage our property because we were moving out of state and could not sell our house, and we felt it would be foolish to try and be landlords from 2,300 miles away. We interviewed several companies, and ultimately we felt like Principle was the best option. After two years, our experience with them overall was OK, but there were several problems that we had to address, and ultimately had to escalate within their management. When we did this, our problems were properly addressed and ultimately we came to a fair agreement. Had we not gone to their higher-​level management with thorough records and explanations of past situations, we would have been out a good deal of money. If you are considering hiring a management company, my advice would be to consider them as a potential partner, but do your due diligence to make sure you are happy with the way that they handle your property. Also, make sure that you meet and maintain the contact information of someone in their management hierarchy in case you run into problems.

We are moving from out of town and have limited times for viewing. The agent, Aimee was rude, unprofessional, and inflexible. I will not rent from this property agency and would not recommend their services.