Property Management in Cleveland (Lorain specifically)?

Question

I'm an out of state investor looking at a duplex in Lorain and am trying to find a reliable PM and get accurate cost estimations.  Zipcode is 44055.  Thanks!

James Wise · Answer

FULL DISCLOSURE: As many on this site already know I am involved in this type of work. Im am a PM & Realtor near this area. I am not saying come work with us then we will find what you want for you. I feel that it is prudent to talk to several teams/companies and get a feel for what they do then proceed with the ones who you feel most comfortable with.

Brian Lounsbury · Answer

Thanks for responding!  This would be my first purchase and I may be doing things out of order but what would be the advantage of getting a PM in place first vice narrowing down some properties and then getting an exact quote?  I've been looking in Cleveland and several of its suburbs and using estimated PM costs and this is one of the few properties I have found that would cash flow based on my projections so I just want to confirm them.

Do you know any PMs who do cover that area?  Thanks James!

Michael Noto · Answer

Paging @James Wise. Not sure if he manages property in this area, but I know he's Mr. Cleveland.

Justin B. · Answer

I have a duplex in elyria that grosses 1k a month fully rented. We should meet up for coffee and trade strategies for real estate investing in lorain county!

Jerry Padilla · Answer

@Brian Lounsbury

I would recommend giving @James Wise  a call. He is very knowledgeable about the area. I have clients that work with him and I know there are certain areas that seem good over the internet, but in all reality are not the best locations. You really need to find an agent or property manager that can steer you to the best locations when you factor in safety for your property and ability to sell and to also profit from rental income. I wish you the best in your search!

Brian Lounsbury · Answer

I have not purchased the property James.  Thank you for your help.

James Wise · Answer

@Brian Lounsbury welcome to the site.

@Michael Noto thanks for the mention but this is out of our area.

Brian Im interested to know why this particular property.? If your looking into a new out of state area I would think the best course would be to get the pm setup 1st then look into the specific properties.

Property Management in Cleveland (Lorain specifically)?

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