ISO Property Managers For Single Family Section 8

Investor · Los Angeles, CA · Member since 2023 · 13 posts · 4 votes

Hello,

I'm considering buying a deal from a wholesaler in Detroit, MI 48238, but the problem is I don't know of any Property Manager who could manage it. The wholesaler says Section 8 would make it profitable as an LTR. The cost to get in on the deal is a very low entry. Please if anyone has any recommendations on Property Managers out there, I would greatly appreciate it.

Thanks!

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Michael SmytheBusiness Member
Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
2y
@Justin Chiang what's the address?
We can tell you the Property Class and corresponding pros & cons.
Also, everyone is pushing S8 as a cure-all - which it is NOT!
We manage almost 100 S8 leases and S8 has its own pros & cons.
You can NOT trust wholesalers.
Logical Property Management4.9446 Reviews
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Justin ChiangPro Member
OP
Investor · Los Angeles, CA · Member since 2023 · 13 posts · 4 votes
2y
@Michael Smythe thank you! I moved on from the deal as per your comments. I greatly appreciate it!
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Michael SmytheBusiness Member
Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
2y
@Justin Chiang we didn't recommend moving on, rather proceeding with caution.
Just for fun, what was the address?
Logical Property Management4.9446 Reviews
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Justin ChiangPro Member
OP
Investor · Los Angeles, CA · Member since 2023 · 13 posts · 4 votes
2y
@Michael Smythe, no worries. I didn't want to feel like I was rushing into the deal from the wholesaler into a market that I had no idea about prior to recently. Also, I'm not allowed to share the address. I'm glad Biggerpockets has such a great community to help me along this journey. I greatly appreciate your help. Thank you.
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