Updated about 5 years ago on . Most recent reply
Rehab Help in Mobile AL
We bought our first cheap investment house in Mobile with a tenant in place. That tenant left and we failed a section 8 exam. Now we are having a very hard time getting the property managers to do anything (months to rekey and bid for repairs). When we finally did get the bid it was for the same price we paid for the house and included a lot of cosmetic repairs. When we informed him we just wanted to fix the things needed to get it section 8 ready he said he wasn't interested in not "doing it right."
Does anyone know a good property management company in Mobile? A good contractor?
Any advice?
We are out of state.
Help.
Most Popular Reply
I live in South Florida and invest in Montgomery. I would definitely advise taking a trip if this is something you want to be serious about. You need to know the market, network with other investors/PM/realtors ... get some face to face. Go to Home Depot and Lowes early in the morning and you'll see lots of contractors (big and small) that are getting work done. Ask the employees at the pro desk who comes in everyday or very frequently. You might just see it for yourself after a few trips. Interview PMs, tell them your strategy for investing so they know exactly what you're about and to see if their business approach aligns with yours. Develop the team and then you can truly invest remotely with more confidence and less stress. Its 500 miles for you to drive or fly. Sorry, I don't have any specific to referrals for you, but just want to share that just in case you are not doing it.