I am looking to help out some local investors here in Indiana. For any self managing investor I could help with maintenance calls, rehab management and check ins, etc. I am also available on the weekend mornings and early afternoon for any self performing rehabbers that need a hand. Feel free to message me! Thank you.
Rental Property Investor · Johnstown, CO · Member since 2015 · 119 posts · 78 votes
5y
So are you basically offering a Property Management a-la-carte kind of thing?
I currently have a partnership with someone that does much this same thing. In a nutshell, a handyman and his wife (she was looking to get into the PM space) but when she found out what it actually takes to become an "official" PM (real estate license etc) she decided to do what you're describing... coordinating maintenance calls, delivering notices, filing papers with section 8, lockouts, etc.
I pay them for check-ins, maintenance, delivering notices, meeting contractors for work out of scope of regular maintenance (like roofers for example) delivering paperwork to the Indianapolis Housing Authority for Section 8 tenants, meeting the Section 8 inspector when they inspect the property etc, ect, ect
For move-in/out, I coordinate the rent collection, signing of the lease etc. They show the property and do the move-in/out walk-through. Because they don't collect any money, they aren't considered official property managers so there's no legality issues.
They're moving out of this space and starting another business, so I'm in the market for someone like this, but paying a full on PM is ridiculous for the prices they charge for doing nothing 90%of the time other than being on-call. Also looking into starting this kind of PM a-la-carte in my home city of Denver.
If this is what you're offering, let me know. I'd be very interested and I think many others would be as well.
Rental Property Investor · Johnstown, CO · Member since 2015 · 119 posts · 78 votes
5y
So are you basically offering a Property Management a-la-carte kind of thing?
I currently have a partnership with someone that does much this same thing. In a nutshell, a handyman and his wife (she was looking to get into the PM space) but when she found out what it actually takes to become an "official" PM (real estate license etc) she decided to do what you're describing... coordinating maintenance calls, delivering notices, filing papers with section 8, lockouts, etc.
I pay them for check-ins, maintenance, delivering notices, meeting contractors for work out of scope of regular maintenance (like roofers for example) delivering paperwork to the Indianapolis Housing Authority for Section 8 tenants, meeting the Section 8 inspector when they inspect the property etc, ect, ect
For move-in/out, I coordinate the rent collection, signing of the lease etc. They show the property and do the move-in/out walk-through. Because they don't collect any money, they aren't considered official property managers so there's no legality issues.
They're moving out of this space and starting another business, so I'm in the market for someone like this, but paying a full on PM is ridiculous for the prices they charge for doing nothing 90%of the time other than being on-call. Also looking into starting this kind of PM a-la-carte in my home city of Denver.
If this is what you're offering, let me know. I'd be very interested and I think many others would be as well.
Exactly Shawn! Obviously due to legalities there is a lot I can’t do. However there is still some things I can do to take off of peoples hands. When I made the post I was thinking of flip/rehab and turnover management with maintenance as well but I am open to speaking about more. I just work full time so I know I won’t be able to do some things as I am not free for tours and such. Feel free to message me if you would like!
Great question. I was involved with property management and leasing after high school and I was also an assistant operations manager at a company who managed all of Resipro’s maintenance and turnovers here in Indiana and west Ohio. Currently I am more so in commercial construction specifically electrical however. But I definitely have experience talking and communicating with subs and such. Of course I am on here because I am investor and entrepreneurial minded so I’d like to believe I think like an investor when it comes to situations!
Property Manager · Indianapolis, IN · Member since 2012 · 208 posts · 160 votes
5y
@Shawn York To clarify, in most states doing any Real Estate transaction for payment (including the showing of a property or answering specific questions such as what the rent amount is ) requires a Real Estate license when the person is not an employee. Most of the other items you listed would not require a license as they are no included in a definition of the Real Estate transaction. Collecting money is not the determining factor. That is not to say that showing a property without a license is strictly enforced.
Rental Property Investor · Johnstown, CO · Member since 2015 · 119 posts · 78 votes
5y
@Harvey Levin Yeah, I've had friends show properties before when I can't and it's never been a problem - but thanks for letting me know on that. I handle most everything... collecting payments electronically, determining lease amounts, fielding any questions... so I feel pretty confident that a "PM a-la-carte" type of situation is what I'm after and would work best for me. The only thing a "PM" would do for me is show the property and do the walk-through... the things I can't do from 900mi away. There are many landlords that are looking STRICTLY for passive income and a full-fledged PM would make sense.