Updated almost 4 years ago on . Most recent reply
Only property manager in town is leaving, need some advice, stat!
Hey Community,
I currently own a triplex in a bedroom community outside of Des Moines, Iowa. I live in Colorado, I've had a professional property manager managing the property flawlessly for the past 7 years. They just notified me that they will be leaving the business on January 1. They do not have any property managers locally to recommend, nor does the real estate agent that I bought it from. In your opinion do I take the next 2 months trying to find a property manager as it's cash flowing very well, or sell and re-invest in a different community with more property managers since I'm an out of state investor.
I need your help and need your advice, if I sell I'd like to reinvest into two duplexes so that I move up to 4 doors from my current 3. Thoughts everyone??
Most Popular Reply
How difficult would it be to ask for their list of vendors that serviced the property and manage from afar?