All Forum Posts by: Joey Hamaoui

Hey @Cortney Jones welcome to BP and the investor space in Jacksonville, FL. Feel free to reach out if you need any help. 

@Jason Morrow feel free to reach out to my email on my profile or direct message me here. You can also probably look me up on Facebook. 

Hi @Merrick Zed, in my experience working with several different investors (meaning different mindsets) I've found the following:

1. The property managers tend to look at the tenant placement as small change. The real incentive for the property manager is the passive income generated through having placed a good tenant and keeping you (the owner) happy. Most months they shouldn't have to do more than send out a statement. The goal is that if they have enough accounts eventually they can sell their entire business with all the accounts for a substantial sum to another property manager. I don't think property managers are incentivized to maximize turnovers. In addition it would make them look bad and lose clients. 

2. There is a difference between excellent and good enough and it will show with the quality of your tenant, statements, communication, evictions and overall professionalism. In Jacksonville, FL for example rates range from about 8%-12%. I think getting someone at the 10% mark is a wise decision. You will also want someone who works well with your team, communicates well and is responsive. If they handle a lot of properties it usually means they can recycle tenants so you can get your property filled but it also means they won't usually be as on top of your property. 

3. The best way is to ask other local investors and agents in the investor space who they use and who they don't use as well as why. After that the only way you'll know is from trying them out. Our team fired one property manager and we have good relationships with two now from different companies who handle different types of properties. 

Feel free to reach out and connect if I can help in any way. 

Hi @Jason Morrow, 

I live and work in Jacksonville, FL as well. I would be happy to connect with you and share my experiences to help with your decisions. 

Depending on what you want to do and accomplish both being an agent and investing are good first steps so it depends what you want to do. 

Hi @Account Closed I'd be happy to connect. 

@Raymond Northcutt great post and thanks for the shoutout. It was great working with you on this one and I'm excited for the future!

@Rebecca K. no problem. I'd be happy to connect you with our PM and see what he would do. I'll look for your message and connect offline.

@Ingrid J. I'm happy to help. I'll look for your PM.

I don't have a problem with anyone investing in 06,09,08, and 54 as long as they know what they're getting into. I just can't stand people going in misinformed. Let's connect.

@Kenneth Davis two questions:

1. What area of Jacksonville is this property located in?

2. Is this property being professionally managed? (I assume not, but just want to be clear).

@Niieman Arnold What kind of deal are you looking for/at?