Looking for recommendations for a property manager

[Juan Sierra]

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!

[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). 

[Juan Sierra]

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.