I am looking to the BiggerPockets community on anyone that is using a property manager in Lubbock, TX that you can recommend. I am in the process of looking into purchasing some multi-family apartments and would like to speak to someone that has experience with managing properties as well as understanding the value we could get on value play items. I thank everyone in advance and look forward to the recommendations.
Depending on how big the asset is I'd recommend Alpha Barnes. They're my go-to for management in Texas. Hugh Cobb is a Principal there who I have had discussions with in the past. Very experienced.
@Kyle Jean I went ahead just now and looked them up on google and they seem pretty legit. I will see if they property manage out in Lubbock. Do you have any properties in Lubbock, TX?
Hey @Manuel Perez I've got lots of properties here, and although I only manage my own and not for others, I'm happy to give you my opinion on a management company if you are seriously considering going with them.
Hello @Austin Hughes Thank you for responding. If I get my LOI accepted and eventually under contract, I will be starting plenty of due diligence process and I would like to have a qualified 3rd party PM assist me on grading the property and also to give me their opinion of how they would operate the property. To be honest, it is possible that I may end up switching property managers, but then again I may not. I would like to have a 3rd party let me know what they do differently than any other PM and also see if they understand the market and have better business practices than others or the current PM. If you have a PM that you could recommend, I would greatly appreciate it and will treat them with the utmost respect. Thank you again Austin and I hope you have a great day!
Hey Manuel, I know of a few good ones based on the property type and location.
@Austin Hughes The areas are close to Texas Tech in the Stubbs-stewert, maxey lake/medical district and Coronado locale. Any information would be greatly appreciated. Thank you!
@Manuel Perez Tech Terrace Real Estate is the first that came to mind as a good fit. That is only if you're going to rehab the properties to be in the top 5% of options for renters. If so, they consistently get a premium for their rentals.
Otherwise, HouseChaser seems to have lots of rentals in that area, and they have great integrity. I know the owners of both companies. PM me for more info.
@Austin Hughes That is awesome! Thank you and I'll send you a PM shortly.