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Updated over 3 years ago on . Most recent reply

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Jasmine Walker
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Cleveland Property Manager for Small Rehab

Jasmine Walker
Posted

We are out of state investors looking to acquire our first rental in Cleveland area we are having a hard time finding a property manager willing to manage value add properties that need minor renovations. Any investors or agents with recommendations would be appreciated.

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Brian Garlington
  • Realtor
  • Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
2,391
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2,350
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Brian Garlington
  • Realtor
  • Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
Replied

Here's what you need to do.

A. Get a home inspection report and see if you still want to buy the property. If you do,....close on the property,....then reach out to PMs and GCs.

or

B. Be willing to pay a GC to look at a property and pay them for their time before you c,lose on the property.

If you're contacting PM's about a property you don't even own yet they won't show a lot of interest because you don't own the property yet. Best bet is to actually acquire the property.....then you will be taken a lot more serious. 

Almost the same concept if you are trying to hire a contractor when you don't own the property yet......They are not inclined to take time out of their schedule to go to a property, do a walk through and prepare a SOW (Scope of Work) on a property you "might" purchase. Now you have wasted the GC's time. 

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