Property managers in Tacoma?

Question

Hello,

We have been looking closely at some 2-4plex properties in Tacoma. Do any of you have recommendations for good property managers there?

Brandon Cravens · Answer

I came to the local forum intent on starting my own post but the title is exactly what I was wanting to post!  I will be following up with the recommendations above but I am also wanting to give this some more visibility for additional input.

My current property manager is a great person but he is no longer interested in property management and I want to replace him by this summer. I'm in the market!

Shelley Greene · Answer

Hi Jonathan,

I'm not sure if they do multi-family units, but I'm very pleased with Renee Jean of Crown Rentals. I've had my SFH with them since only June, but on the recommendation of a friend who had worked with Renee for a couple years and couldn't say enough good things. They work in Pierce and Thurston counties

http://crown-rentals.com/

Shelley

Angela Jossy · Answer

Are you still looking? I might be able help you.  I manage 49 low-income units downtown Tacoma currently.

Aaron Nelson · Answer

Hi @Michelle Hojnacki,

Welcome to the Pacific North West! Are you licensed in Washington state? I have clients who are always looking for good, cost effective property managers and am always looking to form relationships with fellow investors. Let's chat sometime. Do you have a website or some other resource where I can learn more about you? Thanks!

James Lusk · Answer

@Jonathan Hwa I have a 4 plex in Tacoma and a 12 plex just outside Tacoma and use the same PM for both properties. We had a tough time finding PMs that would return calls.

It's very hard to find a good one right now. We have been working to train ours to meet our expectations. What we realized is that we had expectations that we assumed were standard practice. We quickly found out that was not the case. When you do find a contact to interview, be sure to ask them the nitty gritty questions that may seem like dumb or obvious questions. These will undoubtedly end up being the pain points down the line if not hammered out right off the bat.

Just an example. We assumed when we discussed with our PM our desire to be kept in the loop with tenancy and repairs, that he would notify us of pending vacancies. Recently, my contractor brought up a tenant that will be leaving end of August, which was news to me. At first I was frustrated with my PM. I mulled it over and realized, I never spelled out any specific expectation for this scenario. My wife and I are now sitting down and writing out our expectations of our manager in many scenarios and we will continue to add to the list. When it is clearly written out no communicated, you will be much better prepared for success. Especially a small it appears you will be an out of state owner.

Sorry I don't have a contact for you but wanted to provide some insight.

Best of luck!

Justin Anderson · Answer

Capital Management manages a few hundred units in Tacoma and surrounding areas.  They manage my units (small apartment complexes) and I have worked with the broker Schehara for 4-5 years.  The big benefit they have is they have in house maintenance staff so they don't call a vendor for every leak, repair, paint job, etc.  It saves a ton of money on unit turns and maintenance items.  Paying an hourly fee of $20-25 per hour for the in house staff beats a plumbing vendor who charges $75-100 to show up.  www.cmarents.com

Property managers in Tacoma?

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