Hiring a hybrid property manager for property turnover

Hiring a hybrid property manager for property turnover

Member since 2021 · 1 post · 2 votes

We currently have 11 units that we are self managing in a town of 50,000 in Ohio( a few single family and 2 fourplexes). We have a really good maintenance/renovation guy that can handle all of the repairs that come up. We also have been using Turbotenant, so all tenants are set up on that. We are looking to grow our portfolio in another market, but we are on the fence about hiring a property manager for these properties or just hiring a hybrid type property manager that will just handle leasing/open houses for leasing/small physical tasks (handing a new tenant key, etc.) We also have a bookkeeper that handles all revenue and accounting. We are really needing someone to just handle the turnover of tenants (maintenance management/painting/small repairs at turnover/marketing/leasing/new tenant transition), so we don't really feel we need to pay a property manager to do everything at this point. Has anyone worked to hire someone just to handle these tasks involved with turning over a unit and how did you set that up? 

Thanks,

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Marc RiceBusiness Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
4y

I have either seen people self manage with a maintenance guy or completely outsource with a property manager and pay fees. You could do a hybrid model if you find someone competent enough on the ground.

Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
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  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    4y

    I have either seen people self manage with a maintenance guy or completely outsource with a property manager and pay fees. You could do a hybrid model if you find someone competent enough on the ground.

    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    4y
    Originally posted by @Chasen Brown:

    We currently have 11 units that we are self managing in a town of 50,000 in Ohio( a few single family and 2 fourplexes). We have a really good maintenance/renovation guy that can handle all of the repairs that come up. We also have been using Turbotenant, so all tenants are set up on that. We are looking to grow our portfolio in another market, but we are on the fence about hiring a property manager for these properties or just hiring a hybrid type property manager that will just handle leasing/open houses for leasing/small physical tasks (handing a new tenant key, etc.) We also have a bookkeeper that handles all revenue and accounting. We are really needing someone to just handle the turnover of tenants (maintenance management/painting/small repairs at turnover/marketing/leasing/new tenant transition), so we don't really feel we need to pay a property manager to do everything at this point. Has anyone worked to hire someone just to handle these tasks involved with turning over a unit and how did you set that up? 

    Thanks,

    There are some investor friends Realtors that will help facilitate this for you. I know some in Columbus, Ohio that I can refer you to.


    The investor will just pay them a leasing fee to place the tenant. 

  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    4y

    Having a PM company do the leasing is possible, it is just important to have a go-to maintenance gu, which can sometimes be the hard part to have someone that is reliable. @Chasen Brown

  • Property Manager · Columbus, OH · Member since 2021 · 66 posts · 121 votes
    4y

    @Chasen Brown, You can for sure piece together a property management company but it is a lot of work quality control checking everything. For example, property management companies are usually ok doing the leasing aspect for a fee.


    To turn a unit though, I would recommend partnering with a GC (general contractor). That way, you can develop a working relationship, get cheaper prices, and the GC knows the quality of work you like.

  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    4y

    @Chasen Brown as a PMC we would do the advertising, showings, screenings and move in for a fee - and do it better than most agents.

    We wouldn't do any maintenance though, unless we're were managing the property. Too many potential issues to make it worthwhile.

    You could try to hire an agent just to get access to their handyman - understanding you may not want to trust them with any screening.

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