General Landlording & Rental Properties

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Juan Sierra
  • Massachusetts
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Looking for recommendations for a property manager

Juan Sierra
  • Massachusetts
Posted Jun 30 2022, 12:56

Hi folks.

I am looking to acquire a 2-family home in the Amsterdam, NY area and I am considering using a property manager so that this is truly a passive investment.  Any recommendations, or warnings about which PM(s) to avoid?


Thanks!

Upstate New York, New York

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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
Replied Jul 1 2022, 07:22

@Juan Sierra

There really is nothing truly passive in real estate when you are purchasing properties yourself. Yes, hiring a property manager will make the investment semi-passive but you will still need to be part of the management; even if it is mostly on the asset management side (managing the manager). 

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Juan Sierra
  • Massachusetts
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Juan Sierra
  • Massachusetts
Replied Jul 1 2022, 09:48
Quote from @Charles Carillo:

@Juan Sierra

There really is nothing truly passive in real estate when you are purchasing properties yourself. Yes, hiring a property manager will make the investment semi-passive but you will still need to be part of the management; even if it is mostly on the asset management side (managing the manager). 


 Charles, you are absolutely right.  I used "passive" too broadly.  I would imagine frequent touch point calls with the PM.