Anyone have recommendations for a property management company in Pocono, PA area?
It would be for a Single Family Home; 3 bed, 2 bath.
I'll try to see if I can find some contacts. Poconos is not my main area but I do know there are a few management companies in that area.
Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney. What I wrote above does not create an attorney/client relationship between us. I wrote the above for informational purposes. Do not rely on it as legal advice. Always consult with your attorney before you rely on the above information.
DNA property management, located out of Stroudsburg.
@Mike Sierra Some townships in the Pocono's have specific requirements regarding rentals. You might want to explore the requirements where your property is located. In the event you have an emergency you might want a handy man that lives local on call. As mentioned all townships are not created equal and it appears shortly most townships will have requirements in place. Good luck
Hi Mike, NEPA Management Associates, Inc. is one of the largest management companies in the Poconos. Specializes in professional property management for residential, multi-family, commercial, property owners associations, condo, town-homes, and other investment properties. Service areas include Monroe County, Pike County, historic Milford, Stroudsburg, East Stroudsburg, Bushkill, the West End and all of the other points in between.
Also provides accounting, leasing and rental services, consultation, tax appeals (both residential and commercial), Act 319 submissions and expert witness testimony. >> www.nepamgmt.com
Thank you all for the info. I'll look into all these options
Hi all, I'm still interested in selling 30 acres in Monroe county, PA (near Green & Sterling Rd.). Can anyone advise on how the market is doing with land for sale?
I tried a couple of property management companies or ''want-to-be'' property managers and in overall I wasnt impressed and found them not professional enough.
If you look at the overall numbers, the Poconos area has over 1,700 active SRT listings and +90% are owner-managed. If you are an owner and if you have the time to dedicated for your STR business - that's the ideal scenario because nobody else would have more vested interest than you in making it successful.
However, if you are an investor looking for passive income or planning to scale your STR business, its paramount to have professional help.
Most property management companies will charge either a flat fee or a percentage of the revenues that could vary from 10-20%. During a good season, an average 3-4BR property makes 6-8K in revenues, so you are handing over 1.2-1.6k in that month - that's a considerable stake of your margins.
Few property managers are willing to enter performance-based contracts where compensation are tied to clear performance indicators. That's for me a clear no-go signal.
How is your experience with property management companies so far?
@Alesandro Breguez hey, thanks for the reply. That's an old post of mine. I have been self managing and it's been a great experience :) Definitely have learned a lot