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Updated over 4 years ago on . Most recent reply

User Stats

38
Posts
15
Votes
Tim Vitale
  • Investor
  • Wilmington, NC
15
Votes |
38
Posts

Property Management for 34 unit MF property

Tim Vitale
  • Investor
  • Wilmington, NC
Posted

Hello All,

I am based out of Charlotte and working on a 34 unit property in Greensboro, NC. I will be driving up this weekend to tour the property and looking to connect with some property managers and begin interview process in order to move forward with the deal. Does anyone have a PM contact that does commercial MF property in the Greensboro area they could connect me with? 

Thank you,

Tim

Most Popular Reply

User Stats

135
Posts
97
Votes
John Blanton
  • Investor
  • Apex, NC
97
Votes |
135
Posts
John Blanton
  • Investor
  • Apex, NC
Replied

I would be careful with that property, I was attempting to purchase last year and there are a lot of challenges.

Multiple shootings, including 1 murder (former owner of the property...), parking lot is a disaster and financials are a mess (poor record keeping and many tenants pay in cash)

Last I was there one of the units was condemned so not sure if that is still the case

Just make sure to do your due diligence and best of luck!

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