Phoenix, AZ · Member since 2017 · 22 posts · 1 vote
I'm interested in purchasing SFH and duplex-four plexes in Huntsville, Alabama. I'm planning on going down there to check it out in a couple weeks. Any recommendations regarding property management or agent used to dealing with investors? Looking to build a team on the ground.
Property Manager · CT · Member since 2014 · 687 posts · 329 votes
7y
Nick,
Here are some good questions to ask when interviewing your next property manager:
How long have you been a property manager? How long have you been a manager in this area? How many vacancies do you have right now? Out of how many total units under management? What is the average length of time it takes to fill a vacancy? What is your late rent policy? What percentage of tenants do you have to evict? How does the eviction process work here? What are your management fees? What do you charge for recruiting new tenants? Do you charge for monitoring and maintaining vacant units? What are my guarantees? Do you also market properties as a broker? If I decide to sell my property, do I have to list it with you? Can I see some of the other properties you manage? (Of course you will probably not be able to see inside rented apartments or offices. But you should be able to see common areas and grounds.) How do you market your apartments? Do you recommend special incentives for tenants? If I want additional marketing for specific vacant units, how would we arrange that? How do you screen prospects? How do your tenants contact you? Let me know if you have any questions.
Phoenix, AZ · Member since 2017 · 22 posts · 1 vote
7y
I just want to understand the lay of the land And what areas to invest in for future growth. Was looking to meet a property manager who could direct me and show me around town
Realtor · Huntsville, AL · Member since 2015 · 60 posts · 51 votes
7y
Hi Nicholas, Huntsville ranges from A to D properties. Let us know what class of properties you are looking for and I can give you a few ideas for property managers.
I have 4 properties in Huntsville, Madison Alabama and I use @Carolyn Dietrich with Dietrich Rentals. They have been so awesome allowing me hands off management I recommend them every chance I get.
Tell them I sent you. I'm not sure if they management multifamily but I don't see why not. I would imagine it being just as easy as 4 single homes.
Property Manager · Huntsville, AL · Member since 2017 · 302 posts · 246 votes
7y
Find a property manager that you can speak with regularly, especially if you are doing a rehab. They are your boots-on-the-ground to make sure the project is being completed!
Property Manager · CT · Member since 2014 · 687 posts · 329 votes
7y
Nick,
Here are some good questions to ask when interviewing your next property manager:
How long have you been a property manager? How long have you been a manager in this area? How many vacancies do you have right now? Out of how many total units under management? What is the average length of time it takes to fill a vacancy? What is your late rent policy? What percentage of tenants do you have to evict? How does the eviction process work here? What are your management fees? What do you charge for recruiting new tenants? Do you charge for monitoring and maintaining vacant units? What are my guarantees? Do you also market properties as a broker? If I decide to sell my property, do I have to list it with you? Can I see some of the other properties you manage? (Of course you will probably not be able to see inside rented apartments or offices. But you should be able to see common areas and grounds.) How do you market your apartments? Do you recommend special incentives for tenants? If I want additional marketing for specific vacant units, how would we arrange that? How do you screen prospects? How do your tenants contact you? Let me know if you have any questions.