All Forum Posts by: Thaddeus D.

Hi Joshua,

I am an owner in Rochester and have interviewed many local management companies. I’d be happy to share my experiences with you. Feel free to message me off line. 

Best,

Thaddeus

I can’t tell you who to go with but can tell you who to stay away from:

Park Centre Properties (Denis Mietz). Worked with him for about a year and then fired him. Bad management. D+ property manager at best

The list goes on. It depends on the location. Some managers are good in bad locations and some are bad in good locations. Definitely do your homework and talk to many different vendors. 

Hello All,

I am in investor with a small rental portfolio in New York but am down in the Miami and South Florida area doing some market research.

Does anyone have any wholesaler or investor-friendly brokers they can put me in touch with to help my research?

I have buy and hold, ground up, renovation, and deal experience. Ideally, I am looking for smaller multi-family deals but am also interested in learning more about the flip market here.

PM me with any wholesaler or agent contacts

Best,

Thad Duffy

@Steve A Kaplar

Steve, I have both that are well-versed and reasonably priced.

My closing attorney only does real estate.

PM me for contact info.

Jose, looks like you got a good deal on that. Was it publicly listed? I own and operate in East Rochester. We should talk. Message me.

I would strongly recommend Warren Engineering. Ask for Doug Burgasser. Tell him I sent you. They are very good at what they do and have inspected all of our apartments. There is also a book called How to Inspect a House, that gives an overview, but an engineer is still the best bet because everything gets documented. Use the book for your own due diligence.  

@Daimily Santiago-Leon

Track prices over time. It is not a buyers market in Rochester right now but good investors make money in both buyers or sellers markets depending on what side of the deal they are on.

I’d imagine good “deals” are very hard to come by in Rochester right now. Prices are up and inventory is low.

Real estate is not get rich quick.

Thank you Ronald Starusnak Looking more for the Rochester area, not Syracuse. I am originally from Western NY so know the area well. The ideal property manager should know the area very well also. Eric McQuistion, please private message me for contact info and we can talk.

Samuel Spezio. East Rochester is an interesting market. It is surrounded by the wealthiest towns/villages in the county, but has not seen that type of appreciation....it may never. The upside is that tenants tend to stay for a long time. The downside is the high taxes. Some of the smaller owners have not taken care of their properties and are desperate to fill units with anyone, so it has somewhat contributed to the blight in some areas. Feel free to PM me with other questions.

I see this post has got little attention leading me to believe good property management companies in Rochester, NY are hard to find.

Has anyone had good experiences with any yet?

@Thomas S. I totally disagree with the idea that tenants are customers. Mike Butler’s book puts it best. If tenants are customers and the customer is always right, are tenants always right? I think not. Think of them more like employees. If they are good tenants and their request is not ridiculous, lower the rent! Turnovers are the most expensive and time consuming activity.