Real Estate agent and Property Manager in Allentown

TX · Member since 2018 · 8 posts · 5 votes

Title says it all. I'm looking to possibly investing in the Allentown area, so I am looking for motivated a real estate agent and property managers that really understands the area to work with.

0 Reply

15 views

Most Popular Reply

David Ribardo

Real Estate Agent · Allentown, PA · Member since 2016 · 197 posts · 181 votes

@Jonathan Yeung, welcome to the BP forum! There are a few good motivated investor agents here in the Valley - talk to a few of them, and see who is a good fit for you.

As far as property managers go, they run the full spectrum. Some of them are high cost, high service, and will run 10% plus a full months rent for tenant placement. Assuming a 1 year tenant turnover, that gives you an effective cost of 18%, and will kill your profit margins. On the investor-friendly side, you can find some with rates as low as 7% plus half a months rent for tenant placement, giving you an effective cost of 11%. Then, as you scale up, other options may become available. If you need some recommendations for who to talk to, shoot me a message and I'll put you in touch.

2 Reply

See this reply in the discussion

4 Replies

Jump to latestLatest

Sort by

Yonah WeissPro Member
Cost Segregation Expert and Investor · Lakewood, NJ · Member since 2017 · 1k+ posts · 1k+ votes
7y
@Chad Gallagher
@Chad Gallagher
@Chad Gallagher
0 Reply
David Ribardo
Real Estate Agent · Allentown, PA · Member since 2016 · 197 posts · 181 votes
7y
@Jonathan Yeung, welcome to the BP forum! There are a few good motivated investor agents here in the Valley - talk to a few of them, and see who is a good fit for you.
As far as property managers go, they run the full spectrum. Some of them are high cost, high service, and will run 10% plus a full months rent for tenant placement. Assuming a 1 year tenant turnover, that gives you an effective cost of 18%, and will kill your profit margins. On the investor-friendly side, you can find some with rates as low as 7% plus half a months rent for tenant placement, giving you an effective cost of 11%. Then, as you scale up, other options may become available. If you need some recommendations for who to talk to, shoot me a message and I'll put you in touch.
2 Reply
Shelby Ek
Real Estate Agent · Allentown, PA · Member since 2016 · 70 posts · 86 votes
7y
Hi Jonathan, I am an agent as well as an investor in Allentown. My focus in center city. I'm happy to chat with you for a bit and see if we are a good fit. Send me message to set up a time to chat.
0 Reply
Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
7y
@Jonathan Yeung

Hi Jonathan - I am a resident of NYC like yourself.
@David Ribardo is my realtor who helped me find quality investment properties in Allentown.

Feel free to connect with him and ask him any questions you have about the area. I may be able to answer some of your questions as well.
[email protected]917-280-8544
Basit Siddiqi CPA4.979 Reviews
View Page
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.