Updated 27 days ago on . Most recent reply
Property Manager in Corning NY
I'm looking for any info on property managers (good/stay away from) in Corning NY. Looking to buy multi -family there but to far away to manage myself.
Most Popular Reply
Shane — smart move to get the management question handled early. In smaller markets like Corning, the quality of a PM can make or break a deal, especially if you’re investing at a distance. A couple of tips as you research:
• Local Networking: Ask local brokers and agents who they trust — they’ll usually know which PMs actually pick up the phone and which ones to avoid.
• Tenant Screening Standards: Make sure they share their criteria (credit, income, eviction history). A lax PM can kill cash flow faster than vacancy.
• Fee Structure: Typical range is 8–12% of collected rents in smaller markets. Watch for nickel-and-diming on leasing fees, maintenance markups, or inspection charges.
• References: Don’t just talk to owners they recommend — ask for a random sample of current clients.
On my side, I work with investors on funding multis in markets like Corning. Once you have a PM lined up, I can help you structure the financing (bridge, DSCR, or long-term) so you can focus on buying and let them handle the day-to-day.
Curious — are you looking more at small multis (2–4 units) or stepping into the 5+ unit space?
- Jackie Carmichael
