Need a good property manager
24 Replies | Hammond, Indiana
Pav Bay
Investor from Cupertino, California
posted over 4 years ago
Hi,
If you know of a good property manager in Indiana (Hammond and surrounding cities), can you please share.
Best regards,
Pav
Adrien S.
Property Manager from Griffith, IN
replied over 4 years ago
Property Boss
Rose Realty
Q3
Rent Caps
Paris JohnsonParada
Investor from Radcliff, Kentucky
replied over 4 years ago
I manage my properties from a far, there may be very little that you need management assistance with if you have the time.
Pav Bay
Investor from Cupertino, California
replied over 4 years ago
Hi Paris,
Pretty interesting. I find sourcing tenants the biggest challenge. Do you use craigslist or local classifieds to post the Ads. Shouldn't there be someone to show the home(lockbox setup etc).
@Adrien - Thanks for the list.
Best regards,
Pav
Scott Steffek
Flipper/Rehabber from Crown Point, IN
replied over 4 years ago
Pav,
Call Karen at Property Boss in Hammond. OM me if you want her number. Tell her Scott sent you.
Paris JohnsonParada
Investor from Radcliff, Kentucky
replied over 4 years ago
Hey Pav Bay,
Sourcing tenants has not been a problem for me, my rentals never go vacant for more than a week in any state. Try using Zillow and apartments.com. Someone to show the home can be a local realtor that has additional property management services you can pay for individually.
Respectfully,
Paris Johnson Parada
Pav Bay
Investor from Cupertino, California
replied over 4 years ago
Thank you so much Paris. Appreciate your guidance.
Jason Howard
from Granger, Indiana
replied over 4 years ago
How can one get into property management with no experience. I starting my real estate classes, hopefully mid February.
Francis Rusnak
Flipper/Rehabber from Chicago, IL
replied over 4 years ago
what are going rates PMs charge in that area?
Pav Bay
Investor from Cupertino, California
replied over 4 years ago
10% + 1/2 month rent as search fee
John Mathewson
Developer from Hobart, IN
replied over 4 years ago
@Pav Bay Curious as to who you ended up going with or if you have chosen yet? If you ever need any help please let me know.
Pav Bay
Investor from Cupertino, California
replied over 4 years ago
I went ahead with Property Boss for the most recent property. I just got a note from Karen that a tenant is found. Decent turnaround. Was trying to hedge my bets and see who performs the best.
I have two other with another agency. One of them may get a tenant this week. Other one is still open. These properties are on market 3-4 weeks more than the Property Boss one. Then again, I need to factor in Christmas break....
Pav Bay
Investor from Cupertino, California
replied about 4 years ago
Poor choice and commitments :) No more mistakes...
Maxwell Lee
Real Estate Investor from Miami, FL
replied over 3 years ago
Originally posted by @Pav Bay :
Poor choice and commitments :) No more mistakes...
What did you mean by this?
Tushar Shah
from Chicago, Illinois
replied over 3 years ago
@Pav Bay Hey Pav, how has your experience with Property Boss been? Good, bad or ugly?
Kyle Galloway
from Northwest Indiana
replied over 1 year ago
I am also considering property boss. What has your experience been?
Pav Bay
Investor from Cupertino, California
replied over 1 year ago
Kyle, It's been a couple of years - a smooth ride so far. They seem to be the best in that neighborhood. You may want to keep an eye on the expenses once in a while to ensure accuracy.
Kyle Galloway
from Northwest Indiana
replied over 1 year ago
Glen-You were promoting Property Boss only a few short years ago. Did you used to work for them and start out on your own?
Kyle Galloway
from Northwest Indiana
replied over 1 year ago
Originally posted by @Pav Bay :Kyle, It's been a couple of years - a smooth ride so far. They seem to be the best in that neighborhood. You may want to keep an eye on the expenses once in a while to ensure accuracy.
Pav-How do you keep an eye on expenses? A.G. you get your monthly summary of rent - some maint expense-how do you know that the maint actually occurred? Is that just part of the risk associated with using a property manager? Also-Do you argue and negotiate the billing of maint if you think it is excessive? Would appreciate any feedback-never used a prop mgt company before.