Looking for quality realtor/property management compant

Looking for quality realtor/property management compant

Member since 2022 · 61 posts · 31 votes

Hello everyone, I am inquiring about out-of-state investing in the Columbus Ohio region. What are some quality property management companies? What are some good areas within Columbus, Ohio to invest in? What are the average rent rates? Purchase prices? Also, I would be looking for a quality realtor. One that loves what they do, loves to teach and does not push to make a sale.

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  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    1w

    Hi Jeanette! Columbus is definitely worth looking into if you’re considering investing out of state. I’d spend some time comparing different areas and seeing how the rents and purchase prices line up with your goals. Having a good local Realtor and property manager can make things a lot easier when you’re investing remotely. Happy to share what I’ve learned from investing in the area!

  • Arman AhmedPro Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 942 votes
    1w
    Quote from @Jeanette Land:

    Hello everyone, I am inquiring about out-of-state investing in the Columbus Ohio region. What are some quality property management companies? What are some good areas within Columbus, Ohio to invest in? What are the average rent rates? Purchase prices? Also, I would be looking for a quality realtor. One that loves what they do, loves to teach and does not push to make a sale.

    Columbus is definitely worth looking at for out-of-state investing. I’d focus less on finding the “perfect” area and more on the specific neighborhood, rents, and numbers on each deal. Having a realtor and PM who actually understand investors makes a big difference too. I’d be happy to share what I’m seeing around Columbus.

  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    1w

    @Jeanette Land I really like working with ERA PM here in Columbus. They do a good job. I have some other companies as well that I refer my clients too.

    Average rents in Columbus depends on what area and property you are buying. Rentometer is very helpful for newer investors + zillow to kind of give you average rents. But 3-beds typically rents for $1,400 to $1,800 depending on the location.

    I own 30 units in Columbus and also sell around 100-120+ properties to OOS investors. Happy to send you my investor drive and resources to help you.

  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    1w

    Try RL Property Management.

    You can also visit NARPM.com and PropertyManagement.com

  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    1w

    Happy to share my go to contacts

    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    2d

    Welcome, Jeanette. It's good to see someone asking about teaching and fit before picking a realtor.

    For rough numbers, I'm still finding single families at $120K to $180K that hit the 1% rule and cash flow after expenses, and small multis start around $200K. A 3-bed usually rents between $1,400 and $1,800 depending on the area, and most deals come with $20K to $30K of built-in equity at purchase. You can find these in B- and C+ areas, but it changes block by block, so I'd never pick by zip code.

    For a property manager, talk to three and ask for average days to lease, how repairs get approved, and whether they mark up contractor invoices. For a realtor, ask them to walk you through a recent deal, including one they told a client to pass on.

    I researched Columbus from Portland before moving here in 2020, so I remember this stage well. I'm always happy to network with investors looking at Columbus, so feel free to connect and I'll do my best to point you in the right direction.

  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    4h
    Quote from @Jeanette Land:

    Hello everyone, I am inquiring about out-of-state investing in the Columbus Ohio region. What are some quality property management companies? What are some good areas within Columbus, Ohio to invest in? What are the average rent rates? Purchase prices? Also, I would be looking for a quality realtor. One that loves what they do, loves to teach and does not push to make a sale.

    I can refer you to some property managers here in Columbus, Ohio!

    The areas depend on what you are looking for in your rental.

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