All Forum Posts by: Xin Peng

They want your business. If you tell them to find you deals and have them PM it they’re more likely to work. A lot of times property managers list homes, they can build a list of investors to send deals to before they ever list

This is a very good hint, thanks Eliott, appreciate it!

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Thanks Louis, very helpful! Wondering where you found the reviews from tenants.

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Quote from @Nathan Gesner:

Quote from @Xin Peng:

Hi, as a new investor on rental properties, I've heard one could leverage property managers as resources for: 1. information of the local market, 2. driving around and get an overview of a certain property and probably also a rough estimation of rental, renovation cost etc., and this sounds super helpful.
However, I'm wondering:
1. Why a property manager would help me on those things.
2. If the advice is one should build the relationship first, how I should go about it. Shall I just call their office or just walk in or make an appointment in their spare time and buy a cup of coffee for them? Are there any things to pay attention to?
Thanks!

Property managers may help you with these things, but they probably won't spend a lot of time on you until you become an actual client. I'm an experienced guy looking to buy in another market. I found a PM and they offered to cross-check properties for me. So far, it's taken them about 48 hours to respond to my requests to check a particular property, which is too slow for me. Once I become an actual client, I would expect them to be more responsive.

Thanks a lot for the info, Nathan. Guess you connected with them by phone/Email, correct? How many PM companies did you contact? Did you mention this is probably the opportunity to show case their professionalism so you may choose them as the partner? Or nowadays PM are in high demand so they really don't care that much about new businesses (no sarcastic, just want to understand the market)?

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@James Alderman Thank you! Make sense to me.

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Hi, I'm under the impression that as a new owner, it's easier to (vacate the tenants and) do a renovation and/or increase the rental, wondering why. Is it because usually the lease agreements were signed with previous owner, so the new owner is not subject to those terms?

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All Forum Posts by: Xin Peng

Xin Peng has started 5 posts and replied 16 times.

Post: How to reach out to property managers for informations

Post: How to reach out to property managers for informations

Post: How to reach out to property managers for informations

Post: How to reach out to property managers for informations

Post: Increasing the rental as a new owner

Post: Increasing the rental as a new owner