Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

63
Posts
5
Votes
Chris M.
  • Indianapolis, IN
5
Votes |
63
Posts

Looking for a new property manager in Indianapolis

Chris M.
  • Indianapolis, IN
Posted

After a few bad experiences, I'm Looking for a new property manager in Indianapolis.  If you've had a good experience would you be willing to share your property manager with me?  Any recommendations would be appreciated.  Thanks

Most Popular Reply

User Stats

28,237
Posts
41,424
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,424
Votes |
28,237
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Go to www.narpm.org and search their directory.

If you make a mistake and hire a bad Property Manager, it can ruin you for life. Learn the difference between a good PM and a bad one, try to interview at least three, and then make an educated decision. Remember: the PM with the highest fees may be the one that makes you the most money.

Things to do:

1. Review their management agreement. Ensure there are no hidden fees!

2. Calculate the total cost for a year. Some will charge a percentage of rent and nothing else. Some will charge a percentage each month but also a start-up fee, a leasing fee or lease renewal fee each year, administrative fees, maintenance fees, etc. Every fee should be fully disclosed!

3. Review their lease agreement and addendums.

4. Interview them about how they handle maintenance, late rent, unpaid rent, lease violations, evictions, etc.

5. Ask to speak to some of their current owners and tenants.

6. Google them and see what kind of reviews they have.

There is much more you can do to check out a PM but that list should be a good start. Congratulations on our growing portfolio!

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
169 Reviews

Loading replies...