First Investment Property

[Michael Simmonds]

Hello BP family,

My wife and I just had an offer accepted on our very first investment property. We are very excited but also very nervous since we are still new to this game and have a lot to learn. The property is a single family home in Cleveland Heights, OH. I am going to have to call and interview some property managers in the area since this is a long distance investment. I was hoping for some advice on choosing a property manager. What kind of questions should I ask? Can anyone from the Cleveland area recommend a reputable property management company? We would greatly appreciate any feedback. Thank you!

[Jan H.]

@Michael Simmonds, congrats! 

Check out NARPM.org and IREM.org. These two organizations certify PMs and usually these PMs are better as they are held to a higher standard. 

Just curious: have you flown out there to look at areas? I am also in the process of doing OOS investing but I would like to line up PMs before I get a deal.

Also, @James Wise is very experienced in Cleveland and has a large PM company.