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Updated over 2 years ago on . Most recent reply

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Vincent Donato
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What is the best way to find somebody to keep an eye on my rental, but not a PM?

Vincent Donato
Posted

I have a rental duplex in Ohio which I was doing very well managing myself. Work brought me back to New York so I was forced to hire a property manager.

That didn't go very well. For reasons I will not get into, I fired him. I'm capable of managing the property myself from New York, filling vacancies, calling for maintenance, etc. 

I want to continue to manage the property myself, but I want to hire somebody to do simple things such as viewings, respond to small issues from tenants and address the problem, etc. How do I go about finding somebody like this, and what would you pay them?

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Bob Stevens
  • Real Estate Consultant
  • Cleveland
3,688
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6,413
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Bob Stevens
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Vincent Donato:

I have a rental duplex in Ohio which I was doing very well managing myself. Work brought me back to New York so I was forced to hire a property manager.

That didn't go very well. For reasons I will not get into, I fired him. I'm capable of managing the property myself from New York, filling vacancies, calling for maintenance, etc. 

I want to continue to manage the property myself, but I want to hire somebody to do simple things such as viewings, respond to small issues from tenants and address the problem, etc. How do I go about finding somebody like this, and what would you pay them?

 I have been doing business there for 10 years 1ks of move in and outs and PM. If you think you can do this all alone, you are sadly mistaken, you will get" hurt " bad. Tenants in Cleveland are pros at living for free, they know the system. You need repairs done the same day, at a good price What if you do not get it done right away and the tenant calls the city and starts putting her money in escrow, do you know what to do ?  You need evictions filed for a fair price, you need to replace the tenants, who's going to meet them?  Walk the properties and more.  What are you going to do when the tenant screams " my son has led in  his blood " Or I can't pay the rent I got in a car accident " Do you know how to deal with EDEN or Sec 8, ?  Or YOUR tree fell on my car , you owe me money " . Sewer is backing up; I want you to put me up in a hotel" Do you know how much it will cost to replace the sewer? 

The 80 BUX a month for PM is meaningless. I read posts all the time, of terrible stories,,,,,

NOBODY is going to jump when you call them, everyone is much too busy. You need a team.  

rethink and get a new PM 

Good luck 

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