Hey, I’m a new investor and looking for property management companies who are currently in and around Philadelphia. Also, looking for hard money lenders in the area. Any recommendations for new investor like me?
Welcome! I’m in Downingtown PA so not too far from you, also new here. I recently learned that you can find hard money lenders in the area through the forum. If you go to Menu > Network > hard money lenders. you can filter by state. I’m on my phone so hopefully the link below will work.
As mentioned I’m new so I can’t recommend any property management companies but I’m sure someone with experience will come along and help.
Hey @Dre N @Jobi Samuel
There are some companies and individuals that will lend money short term. Depends most on the value proposition and the location. You don't have to have any experience but it helps if you do.
Do you have a property under contract, and if so, where? I may be able to refer you to someone who can help.
Best of luck!
@Dre N. Thanks For advice Dre
@Dave Godfrey hey I don’t really have any property under contract but I’m looking at rental house around Philly market so I wanted to establish relationships before hand and call to see how much what are the conditions of the loans and things of that nature. If you have a contact and you can hook me I be happy to call them.
Have you considered Slatehouse Group? They manage over 4K units in the Philly and Baltimore areas. They manage my rental property and are good.
What do you like about statehouse? Can you share what fees they charge you and how many units/properties they manage for you?
@Steve Uhlig thanks for your input I’ll look into it. How many years of experience you have with them? Also do they place & evict tenants for you?
Real Property Management is a great PM company!
Jobi- I'd be happy to talk things through with you from the management side. Send me a DM and we can talk more.
@Jobi Samuel I have 2 years with them and they do place as well as perform evictions.
@Mayer M. Slatehouse manages one unit for me. I believe they charge 6% of GMR if the rent is over $1,000. They charge half a months rent to place a tenant. Hope this helps.
@Jobi Samuel I spoke with @Sheldon Zimmerman the other day. Nice guy, professional, knowledgeable, been in the industry a while and he’s an investor himself so he’s experienced from what I can tell. He referred me to a local bank who I’m speaking with in the next few days.
I’m sure he (or whomever it best suited on his team) would be willing to chat with you to see how they can help.