Asset/Property Manager needed ASAP

[Amit Chawla]

Hello BP Community,

I have 4 small mobile home parks located in Jonesboro Arkansas and need to change my property management company ASAP!  Due to lack of response and very poor accounting, I am looking for someone who would be interested in taking over management of my assets.  

Rundown:

Purchased June 2022.  4 mobile home parks within 2-3 miles of each other.  

34 pads with 32 POH (2 vacant pads).

Rent should be anywhere from 500-600 per unit with tenants paying for their own utilities. 

A lot of deferred maintenance and capex have been re-invested

Everytime I speak with my manager, things seem to be moving in the right direction.  However, when I sent a crew to give me quotes on repairing the vacant units, I was informed there are now 17 vacant units.  When I purchased there were 0 vacant.  Granted, the previous owner had not raised rents in years, and many were way way under market.  I understand losing tenants due to increased rent, but 17 units vacant is more than 53% vacancy.  Looking for a property manager that will police the parks to make sure tenants are not making things worse and fines are implemented to deter any issues.

I will be repairing all 17 units as quickly as possible and getting tenants in with the help of my realtor, but would appreciate if someone had recommendations for a property/asset manager that can help with the following:

1. Maximize short and long-term property value

2. Maximize operating income

3. Minimize tenant turnover

Any help would be appreciated