Who knows a good property manager willing to manage a 3-unit trai

Who knows a good property manager willing to manage a 3-unit trai

Investor · Asheville, NC · Member since 2015 · 187 posts · 112 votes

I recently bought 21 Indian Lane, a sweet spot between Asheville and Weaverville with three singlewides and happy tenants. I'm looking for someone who can manage the 3 units in such a way that I can forget I own them, knowing they're in good hands. They are older units, but my crew will bring them up to decent shape over the next month (unless someone else wants the "honey-do" list at a profit) Joan Russel, my
short-lived previous manager, talked me out of doing this, saying her crew would do it. However after two months of "We'll take care of it next week" it has become apparent that she does not have a crew. 

I know the standard rate for rentals is 10%, but I'm willing to pay more, since trailers are by nature harder to deal with than regular houses. They're currently rented for $550 each, but market rent is more like $750-800 each,  so total management fees will be about $280-300 per month. I'm willing to go ahead and start at that rate even as we move into gradually raising rents over the next two years, since this will be an additional challenge. I won't pay extra for installing new tenants, since keeping the current tenants happy is plan A. 

Is anyone interested, or know a management company that can take care of this little cash cow for me?  :)

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Member since 2018 · 23 posts · 9 votes
7y

Dana wingate at NEST realty does property management 

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  • Member since 2018 · 23 posts · 9 votes
    7y

    Dana wingate at NEST realty does property management 

  • Rental Property Investor · Hendersonville, NC · Member since 2016 · 446 posts · 412 votes
    7y

    Call Tons if Rentals and ask for Terri Vela or message me for her cell.  She does great.

  • Specialist · Asheville, NC · Member since 2015 · 18 posts · 28 votes
    7y

    Personally a big fan of Rent a home of asheville and Glenn and their whole team! 

  • Investor · Asheville, NC · Member since 2015 · 187 posts · 112 votes
    7y

    Thanks so much y'all!  Looking forward to getting this weird little property dialed in  :)

  • Asheville, NC · Member since 2017 · 170 posts · 242 votes
    7y

    Hey! Sorry I Have no suggestions on management. Just wanted to say “Nice buy.”  

  • Investor · Asheville, NC · Member since 2015 · 187 posts · 112 votes
    7y

    Ha!  Thanks, I'm pretty stoked on it. I've never bought a trailer park, but I've always thought I should try one. This one was priced below raw land value IMO, so I figure if the park get to be a PIA, I'll get rid of the trailers and build some nice houses there.  :)

  • Real Estate Broker · Asheville, NC · Member since 2016 · 138 posts · 63 votes
    7y

    Hey @Account Closed did you find a PM for this?

  • Investor · Asheville, NC · Member since 2015 · 187 posts · 112 votes
    7y

    Yes indeed, just signed on with Terri Vala at TonsofRentals. Thanks so much Ryan Howell for the recommendation!

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