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Updated about 2 months ago on . Most recent reply

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83
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46
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Kelly Schroeder
  • Real Estate Broker
46
Votes |
83
Posts

Do Property Managers Add Value for Flippers?

Kelly Schroeder
  • Real Estate Broker
Posted

This might be a bit unconventional, but I’ve been wondering — do property managers have a role in fix & flip projects?

For example, handling short-term rentals during rehab phases, or managing tenants in properties held temporarily before resale.

Has anyone here used property management as part of a flip strategy? Curious if this adds value or just complicates things.

Most Popular Reply

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30
Posts
33
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Gamal Harding
  • Property Manager
  • Columbus, OH
33
Votes |
30
Posts
Gamal Harding
  • Property Manager
  • Columbus, OH
Replied

Great question — and you’re right, it’s a bit unconventional because property managers usually focus on long-term rentals, not fix & flips. That said, I’ve found there are situations where a property manager can add real value in a flip strategy:

1. Tenant Management During Longer Holds
If you’re planning to hold for 6–18 months (waiting on appreciation, permits, or financing seasoning), a property manager can place and manage tenants so you’re not bleeding carrying costs. The key is aligning lease terms with your exit.

2. Short-Term Rentals as a Bridge
I’ve seen investors cover expenses with short-term rentals (Airbnb, etc.) while waiting for the right time to sell. It only works if you have a manager who can handle guest turnover, compliance, and operations — otherwise, it’s too much to juggle during a renovation.

3. Rehab Coordination / Turnovers
Some PM companies (ours included in Columbus, Ohio) also run construction and turnover teams. That hybrid setup is useful if you’re out of state and need eyes on vendors, during the flip process.

4. Protecting the Asset Pre-Sale
Vacant properties attract problems — theft, leaks, frozen pipes. Having a PM do periodic inspections and keep utilities running can save a lot of headaches.

The bottom line though, is If it’s a quick lipstick flip, you probably don’t need a property manager. But if your strategy involves any kind of hold, rental income bridge, or asset protection, the right PM can offset risk and carrying costs.

In our case at 10X, we work with some investors who are flippers and just need short-term management, inspections, or construction support to keep their projects moving. It’s not the majority of our work, but it does add value in certain situations.

  • Gamal Harding
business profile image
10X Property Management
4.4 stars
170 Reviews

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