Property Managers & Their Owners

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Property Managers & Their Owners

Tom Lanzano
Investor · Long Island, NY · Member since 2026 · 20 posts · 19 votes

Hi property managers! Tom here, and I’m looking to acquire SFHs in Cleveland virtually. We typically prefer off market referrals from real estate pros. Is this typically something you all do in this area? I know it varies.

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Divin KanyamaBusiness Member
Accountant · Seattle, WA · Member since 2025 · 433 posts · 177 votes
16h

@Tom Lanzano —some property managers do share off-market leads, especially when an owner is tired of managing, facing a large repair, or preparing to sell an occupied rental. Others avoid acquisitions entirely or reserve referrals for established clients, so it really does vary by company.

The best approach is to build the management relationship first rather than lead only with “send me deals.” Be specific about your Cleveland buy box, proof of funds, closing timeline, rehab tolerance, and whether you’ll keep the property with that manager after closing. A buyer who can give quick, reliable answers is easier to call when an opportunity appears.

Ask whether they source deals, represent sellers, receive referral or brokerage fees, and manage both sides of the transaction. Any compensation or conflict should be disclosed clearly. Also ask if they can provide rent estimates, inspection walk-throughs, rehab scopes, leasing feedback, and neighborhood-level operating history.

For a virtual purchase, the quality of the manager’s communication and vendor network may matter as much as the lead itself. I’d speak with several Cleveland managers, verify licensing and references, and test them with a sample property before relying on anyone as the local eyes and ears.

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  • Divin KanyamaBusiness Member
    Accountant · Seattle, WA · Member since 2025 · 433 posts · 177 votes
    16h

    @Tom Lanzano —some property managers do share off-market leads, especially when an owner is tired of managing, facing a large repair, or preparing to sell an occupied rental. Others avoid acquisitions entirely or reserve referrals for established clients, so it really does vary by company.

    The best approach is to build the management relationship first rather than lead only with “send me deals.” Be specific about your Cleveland buy box, proof of funds, closing timeline, rehab tolerance, and whether you’ll keep the property with that manager after closing. A buyer who can give quick, reliable answers is easier to call when an opportunity appears.

    Ask whether they source deals, represent sellers, receive referral or brokerage fees, and manage both sides of the transaction. Any compensation or conflict should be disclosed clearly. Also ask if they can provide rent estimates, inspection walk-throughs, rehab scopes, leasing feedback, and neighborhood-level operating history.

    For a virtual purchase, the quality of the manager’s communication and vendor network may matter as much as the lead itself. I’d speak with several Cleveland managers, verify licensing and references, and test them with a sample property before relying on anyone as the local eyes and ears.

    [email protected]
    WEMBO CPA532 Reviews
    WebsiteView Page
    1Reply
  • Austin Colyer
    Member since 2026 · 3 posts · 1 vote
    6h

    What is your buybox? I may have some deals from you, but they are all turnkey. Not sure what you're looking for but I may be able to help.

    1Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    6h

    To add to what @Divin Kanyama posted, why should I send you a "deal"?

    You've shared no buybox or credentials to show me you've done your homework and you're not a waste of my time.

    Hope the feedback helps you improve your wholesaling business.

    [email protected]248-209-6824
    Logical Property Management4.9460 Reviews
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    • Tom Lanzano
      OP
      Investor · Long Island, NY · Member since 2026 · 20 posts · 19 votes
      6h

      Hi Drew,

      I’m simply trying to gauge how property managers like to work in this area. I’d be happy to speak more about in-depth details of what we look for. We both flip and wholesale. I obviously don’t expect you to just throw me deals on a whim.

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