Columbus Resident and Newbie Investor - Looking for PM referrals

Columbus, Ohio
Columbus Real Estate Forum
6yFollow

Columbus Resident and Newbie Investor - Looking for PM referrals

Nathan Haws
Member since 2019 · 11 posts · 5 votes

Hello,

Would anyone care to post some referrals for good PM's in Columbus? I plan on purchasing some properties in 2020 and would like to start developing these relationships sooner than later. 

What is a good rule of thumb for Columbus PM rates (10%)?

Will good PM's work with investors who only rent 1-3 properties?

Thanks!

1Reply
19 views

Most Popular Reply

Luke CarlPro Member
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
6y

I'm not from Columbus and can't offer an answer to your question but I can offer a different perspective. 

PMs aren't the most friendly, easy to reach people in the world. Right now you have absolutely nothing to offer them except a waste of their time. I wouldn't bother at this point. 

In fact I wouldn't bother until you have so many properties you can't handle it on your own. I currently self manage 21 doors in 3 different markets. With a day job and a family and a running habit that takes up entirely too much time. 

Just buy a 1%er put in a tenant and learn as you go! And please don't wait until next year. Make it happen before Christmas. 

Podcast Guest on Show From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills
3Reply
See this reply in the discussion

11 Replies

Jump to latestLatest
  • Luke CarlPro Member
    Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
    6y

    I'm not from Columbus and can't offer an answer to your question but I can offer a different perspective. 

    PMs aren't the most friendly, easy to reach people in the world. Right now you have absolutely nothing to offer them except a waste of their time. I wouldn't bother at this point. 

    In fact I wouldn't bother until you have so many properties you can't handle it on your own. I currently self manage 21 doors in 3 different markets. With a day job and a family and a running habit that takes up entirely too much time. 

    Just buy a 1%er put in a tenant and learn as you go! And please don't wait until next year. Make it happen before Christmas. 

    Podcast Guest on Show From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills
    3Reply
  • Nathan Haws
    OP
    Member since 2019 · 11 posts · 5 votes
    6y

    @Luke Carl I appreciate the insight. I won't expect much from a prospective PM until I have properties that require management. Unfortunately I am on the west coast or D.C. 4 days per week through 2023 for my day job and may not ever have the capacity to self manage. I'll work on my timeline for my first acquisition, perhaps an early xmas ;)

    Thanks again.

    1Reply
  • Robert Goldman
    Member since 2019 · 33 posts · 36 votes
    6y

    Google property Management companies in the cities you are considering purchasing in, do a thorough vetting on any you are considering, reviews, referances, BBB, courts/lawsuits, you can manage through Property management companies, I am old school but I have a friend who bought small investment properties in a distant place in upper NY and she never saw one property and does make money from these investments, she works through hr realtor, I saved her 10k after she was told that one property needed a new sewer line, I diagnosed it with her on the phone and she saved 10k, that is the downside of using these pm companies/anyone to work with properties out of town/remote ownership, I can do this as I have a full working knowledge of all systems in a house, I have been in this business for 25 years

    2Reply
  • Account Closed
    Investor · Columbus, OH · Member since 2017 · 861 posts · 1k+ votes
    6y
    . Some of the local PMs actually put their rates on their websites and attend local REI meetups, if you can make it to one of those. They also tend to specialize in certain classes or areas so depends on your strategy.
    2Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y

    @Nathan Haws Reafco does a great job property managing for their clients. @Account Closed is the principal broker

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    1Reply
  • Nathan Haws
    OP
    Member since 2019 · 11 posts · 5 votes
    6y

    Thanks all. This is very helpful. I'm going to try to attend upcoming REI meetups, and I've got a few PM companies to research.

    0Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    6y

    @Nathan Haws

    Hi Nathan, I hope all is well! Real Property Management is an awesome PM company. You can go to the main website, add your zip code, and see the closest 1. I hope this helps you.

    Take care and good luck!

    0Reply
  • Peter Lohmann
    Property Manager · Columbus, OH · Member since 2012 · 309 posts · 275 votes
    6y

    Search the forum there have been almost 30 threads created with literally this exact question.

    0Reply
  • Nathan Haws
    OP
    Member since 2019 · 11 posts · 5 votes
    6y

    @Peter Lohmann Fair enough. I'll dig a little deeper next time. I scanned through the two front pages and didn't see anything.

    0Reply
  • Zac Mckenzie
    Contractor · Columbus, OH · Member since 2017 · 85 posts · 83 votes
    6y

    Hi Nathan, I'm a local investor and have enjoyed working with solutions 4 real estate. They offer lots of services not just PM. 

    1Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    6y

    Hi Zac, try Real Property Management. You can go to the main website and type in your zip code to find the closest. I work for the franchise in Cambridge, MA. It's a great company. I hope this helps! Good luck

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free