Investor/Realtor · Wentzville, MO · Member since 2014 · 846 posts · 431 votes
I am new and getting ready to jump in to my first real estate investment. I am looking for a good property to hold to cash flow and I was wondering what are some good property management companies in the St. Louis Missouri area?
As Mr. Packard said when asked about his cars, ask the man who owns one. This advice applies to you. Locate rental properties in the area you planning to do business in and ask the owners. You can hear about good managers and more importantly about bad ones.
As Mr. Packard said when asked about his cars, ask the man who owns one. This advice applies to you. Locate rental properties in the area you planning to do business in and ask the owners. You can hear about good managers and more importantly about bad ones.
If you are just starting out and managing a single local parcel, I suggest handling it yourself. It will be cheaper and you have more control. I don't know your real estate background or level of REI knowledge. Learn the basics fist before jumping in. Ask questions from other investors, read some intro advice books, and check sources here and other sites. Once you grow, then interview PM companies to represent your properties.
If you do decide to hire a PM, you need to vet the PM, and you set the rules on what they need to do and ask for a copy of their insurance and at least three references.