Can anyone recommend EZR Management in Memphis for apartments?

General Landlording & Rental Properties
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Can anyone recommend EZR Management in Memphis for apartments?

Scott Price
Rental Property Investor · Coupeville, WA · Member since 2011 · 135 posts · 52 votes

I'm looking for a Memphis property management firm with experience handling a 40 unit apartment complex, that has great processes in place, and is professional. Does anyone have experience with EZR Management?  And/or can you recommend another firm?

Scott

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Douglas SkipworthBusiness Member
Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
10y

Hi, @Scott Price.

I know Ryan Edwards at EZR a little bit (thought he's not active on BiggerPockets).  He seems to be an honest and competent person, which is a differentiator from some of the other real estate professionals in our market.

Do you anticipate having onsite management at the property?

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  • Douglas SkipworthBusiness Member
    Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
    10y

    Hi, @Scott Price.

    I know Ryan Edwards at EZR a little bit (thought he's not active on BiggerPockets).  He seems to be an honest and competent person, which is a differentiator from some of the other real estate professionals in our market.

    Do you anticipate having onsite management at the property?

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    10y

    @Scott Price  do you already own this property or are you in due diligence or just checking it out.  have you being from Washington state.. Ever owned these types of assets in these type of markets.. is it C D type or nicer ?

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  • Scott Price
    OP
    Rental Property Investor · Coupeville, WA · Member since 2011 · 135 posts · 52 votes
    10y

    Hi @Douglas Skipworth, thanks for the response.  The property currently has an onsite manager.  We will be looking at several options in terms of how to best manage the property, including a professional firm nearby and a firm nearby + onsite manager.

    Best Regards,

    Scott

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  • Douglas SkipworthBusiness Member
    Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
    10y

    @Scott Price,

    That sounds like a good plan.

    Best of luck to you!

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  • Scott Price
    OP
    Rental Property Investor · Coupeville, WA · Member since 2011 · 135 posts · 52 votes
    10y

    Hi @Jay Hinrichs, thanks for the concern.  I own a number of properties not local to me, though all are currently spread across Washington state.  All are remotely managed.  I have set up people and systems to not need to visit them frequently.

    For this particular property, I am in due diligence at the moment.  It is a C property in a B neighborhood that borders a C neighborhood which is gentrifying.  I own similar scenarios now elsewhere.

    Best Regards,

    Scott

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    10y

    @Scott Price  so you have never owned this type of asset in the mid west then. or any other big city east of the Rockies.. and only in Washington state?

    And your intrigued by cap rate no doubt much better than here other wise why go there.

      I will send you a PM if you wish to discuss further .

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