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Updated over 3 years ago, 05/25/2021

User Stats

21
Posts
6
Votes
Daniel Parrella
  • Indianapolis, IN
6
Votes |
21
Posts

Property Management for just 1 Property?

Daniel Parrella
  • Indianapolis, IN
Posted

So I'm THIS close to finally closing a deal!  Pretty excited to dive in and get going!

That being said, as I get closer I'm starting to think more about whether I should use a property management company or not.


Does anyone with some experience have any input on the things I could run into trying to manage it myself?  I'm prepared to take phone calls and coordinate handymen, etc, but I'm just starting to wonder if the time I'd invest would be worth it.  

Finally, if anyone has any good references for a property management company in the Cleveland Ohio area, I'd love to reach out to them and get prices/products.

Thanks as always!

User Stats

61
Posts
18
Votes
Jennifer Delmore
  • Rental Property Investor
  • Littleton, CO
18
Votes |
61
Posts
Jennifer Delmore
  • Rental Property Investor
  • Littleton, CO
Replied

We have one property in the Cleveland area.  Since we are not local we have All County NEO do the property management.  They've had it for almost 2 years and the original tenant is still in place.  They've handled a couple maintenance issues quickly and at what we felt were reasonable costs.

User Stats

38
Posts
13
Votes
Felicia Elliott
  • Rental Property Investor
  • Portsmouth, VA
13
Votes |
38
Posts
Felicia Elliott
  • Rental Property Investor
  • Portsmouth, VA
Replied

Three properties

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User Stats

1,611
Posts
839
Votes
Rob Gillespie
  • Specialist
  • Cleveland, OH
839
Votes |
1,611
Posts
Rob Gillespie
  • Specialist
  • Cleveland, OH
Replied

@Daniel Parrella I have some I can recommend, but it depends on where the house is. 

I personally self manage my houses while I have them on the market to sell. I have an assistant

that will take calls, pick up rent, coordinate things, ETC...  so if you have just a generic person you 

can trust as boots on the ground, they work better than most management companies.

Feel free to PM me if I can help at all.

User Stats

34
Posts
7
Votes
Nate Astrup
  • Investor
  • Miami, FL
7
Votes |
34
Posts
Nate Astrup
  • Investor
  • Miami, FL
Replied

See my 👎🏼review of All County NEO - Roy Guy

https://www.biggerpockets.com/...