We’ll be closing our first investment purchase this week and looking for help with property managers.
Property details:
- Single Family House located in Braselton, GA
- Current market rents for similar houses $2000 +/- 100
- Move in ready by the end of Feb first week. Few minor things like changing light fixtures and locks.
Appreciate any help with the following:
1) Please refer any good property managers in the area.
2) Is one month rent as leasing fee and 8% mgmt fee common?
3) Any websites to find PMs, especially with user reviews. I was looking in Yelp and Zillow, and found those sites not very useful.
We look forward to build a team and a small portfolio in and around Atlanta if no major hiccups with this first property. Any general suggestions regarding buying and managing the properties from out of state are welcome too. Thanks in advance for your time and help.
I'd say you're safer estimating first month's rent and 10% as management fee. Also, be sure to check references for every property management (PM) company you consider: They should be able to connect you with a least three existing long-term clients.
I'd be happy to share my super-star Metro-Atlanta PM contact info with you!
However...
You'll need to call, text, or email me, because I cannot DM here in BiggerPockets. My contact info should appear down below in my signature block, provided you're not using the phone app.