Looking For Property Manager

[Devin Dorame]

Good Afternoon,

I am looking for a "Property Manager" in Cleveland. Person has to live in inside The City of Cleveland and be comfortable with me naming them as our Registered Property Manager with The City of Cleveland. I need to be compliant with all the housing rules Inside Cleveland.  You would not be required to do any work but pass by the properties once a month take pictures and allow me to put on all The City documents that  you are my Property Manager.  

[Samuel Diouf]

I'd be happy to share a list of PMs in Cleveland with you. 

[Devin Dorame]

Quote from @Samuel Diouf:

I'd be happy to share a list of PMs in Cleveland with you. 

Please send them over

[Bob Stevens]

I know them all having been doing business there for about 10 years. Happy to help 

BTW how many do you have? Are they occupied, and have led cirt ? 

Also, if you are a cash buyer I have as many as you want, all 100% hands off. I just need t know your budget and what net % you are wanting. 

[James Wise]

Quote from @Devin Dorame:

Good Afternoon,

I am looking for a "Property Manager" in Cleveland. Person has to live in inside The City of Cleveland and be comfortable with me naming them as our Registered Property Manager with The City of Cleveland. I need to be compliant with all the housing rules Inside Cleveland.  You would not be required to do any work but pass by the properties once a month take pictures and allow me to put on all The City documents that  you are my Property Manager.  

 Are you trying to hire an actual property management company, or are you looking for a local Cleveland employee?

CLICK HERE to talk with us if you're looking for a full service property management company. Although, I'm assuming you are leaning more towards an employee, in that case you should note that this person and / or company you plan to hire doesn't have to live in the city of Cleveland for this registered agent requirement. They just need to be in Cuyahoga County so that should widen out your search.

.

[Carla Kordab]

Hi @Devin Dorame

B2B Realty is probably the fastest-growing company in Cleveland. Dedicated point of contact, placement guarantees and a 5% PM fee, Section 8 assistance, and much more. Hard to beat. CLICK HERE TO CONNECT.

[Jessica Larson]

Quote from @Devin Dorame:

Good Afternoon,

I am looking for a "Property Manager" in Cleveland. Person has to live in inside The City of Cleveland and be comfortable with me naming them as our Registered Property Manager with The City of Cleveland. I need to be compliant with all the housing rules Inside Cleveland.  You would not be required to do any work but pass by the properties once a month take pictures and allow me to put on all The City documents that  you are my Property Manager.  

 Hi Devin , it sounds like you are exclusively looking for someone to be your "Local Agent in Charge". We do not provide this service on its own, but if you are in need of full-service property management as well, we would be happy to assist as we do provide that service to our clients! If you are interested in discussing further, I would be happy to connect!

Also, as James mentioned, the local agent just needs to reside in Cuyahoga County or one of the surrounding counties. 

[Michael Smythe]

@Devin Dorame try @James Wise

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.

Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.

Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

To avoid going through the same poor experience, keep reading.

Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.

In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

It's often a case of not doing enough research, as they don't know what they don't know!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.

EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean? What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.? You’d be shocked by how little actual screening many PMC’s do!

This also leads owners to ASSUME simpler is better when it comes to management contracts.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings. Why do you think purchase contracts are so long and have such small print?

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

P.S. If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general. Take ownership of your mistake and learn to do the proper due diligence recommended above😊

[Sean O'Keefe]

@Devin Dorame we work with a lot of real estate investors that give us intel on who the top property managers are. I'd be happy to share some unbiased feedback on which PMs to work with in Cleveland.