All Forum Posts by: Erin W.

Thanks @Josh C. and @Brandon Morris!

@Ivan May It was PMI Midwest. I was able to enter the address and some info on their website and get a nearly instant report emailed to me but they followed up and I sent them pics and the scope of work and gave me a more personalized quote.

Update: I decided not to go on with this deal.  Pillario was telling me the 2bd/1ba house in the 46218 zip would rent at $1095/month.  The other property management group I reached out to said it should rent for $750-850/month which is in line with what I was seeing in my research.

In my case, the company I was buying the house from is a "sister company" to Pillario as they told me themselves.  I found out this meant that the owner of the company is a managing partner of Pillario.  In my opinion, this explains the motivation for Pillario to give me an unrealistically high number.

Thank you for the suggestion!  I had already contacted another property management for a second opinion otherwise I would have reached out to him.

Does anyone have any experience with Pillario Property Management?

They seem to be a relatively new company and I'm being prodded towards them by my TK provider.  They are claiming the house I'm looking to buy should rent for over $200 what I'm finding on rentometer, craigslist, zillow, etc, and even a rental appraisal from my house's appraisal report.  Their explanation is that the numbers I'm seeing come from sources that only use data that is reported to them by realtors who choose to list rentals there for example and that most management companies like them will not publish their actual rents so their numbers are based on their own comps which are more accurate.  When pressed further he gave me some vague comps, however "my" house in question is a 2bd/1ba and when I asked, most of his "comps" were 3bd/1.5ba and one was 4bd/2ba!

It just doesn't sound right to me and I think because they're so new, I'm not finding much in terms of reviews/recommendations of their company.

@Caleb Heimsoth out of curiosity what's wrong with Quicken loans?  why wouldn't you consider someone with a preapproval from them?  (I'm a newbie and I've never used quicken loans so I don't know much about them)

@Rob D. Great, thanks!

@Rob D. Rochester, NY

Does anyone have a recommendation of a property management company that does student housing in Rochester?  I'm out of state so if they're good working with out of state investors, that would be good.  Thanks!

Ah shoot, guess I remembered wrong about Texas being good from CA.  

Could you go into more detail about why someone in CA investing in Texas would have to pay a lot in taxes?