Northeast Ohio Turnkey Companies

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Northeast Ohio Turnkey Companies

Gordon Austin
Member since 2021 · 1 post · 2 votes

I’m looking to hopefully purchase my first rental property and definitely have paralysis of analysis. I’d appreciate any help with recommendations on looking for a turnkey rental company. I’d prefer to not be actively involved with the management but am open to it I suppose. Any thoughts or direction appreciated 

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Dave StokleyBusiness Member
Property Manager · Cleveland, OH · Member since 2015 · 699 posts · 799 votes
4y

Gordon, I run a STR company in Cleveland and can definitely help you. Contrary to what these guys above say, you can still do really well if you hire someone to do it all for you. Plenty of references to back it up. PM coming.

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    4y

    If your not will to self manage you should just do LTR'S. STR PM companies can take 30% of your gross income.

    0Reply
  • Paul Sandhu
    Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
    4y

    Self manage and self research.  I do my own analytics.  I've also welded a broken top link on a bush hog with 3 car batteries and jumper cables in the field.

    1Reply
  • Dave StokleyBusiness Member
    Property Manager · Cleveland, OH · Member since 2015 · 699 posts · 799 votes
    4y

    Gordon, I run a STR company in Cleveland and can definitely help you. Contrary to what these guys above say, you can still do really well if you hire someone to do it all for you. Plenty of references to back it up. PM coming.

    4Reply
  • Isaiah Williams
    Rental Property Investor · Columbus, OH · Member since 2018 · 97 posts · 66 votes
    4y

    @John Underwood

    7rent.com

    https://rlpmg.com/

    Both are people whom I have used in the past for property management. That being said, I have moved to self management. Like the others before me have stated, self management is not at all complicated and in my personal opinion (everyone has one, some are different) is the better option so long as you have a good system in place.

    When I first started I was also convinced that I needed to have 3rd party property management, and I looked for my first deal accordingly. Definitely gave me a nice monthly cash flow profit when I switched to self management, but it made it extremely difficult to find a deal.

    Run your numbers, and stick to them. Trust your judgment and if the numbers make sense, PULL THE TRIGGER! A bad deal you learn from is better than never doing a deal because you never took the chance

    0Reply
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    4y

    A property manager should help you to stabilize your newly acquired property, I'd be careful with a turnkey company who overprices the property and then provides crappy management because they just accept any tenant who will pay the highest rent so they can sell you the property for more based upon cap rate.

    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
    WebsiteView Page
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