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Updated about 4 years ago on . Most recent reply
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Property Manager Euclid Ohio
Just signed a contract for a home in Euclid Ohio through an online auction company. I'm out of state in NJ and will be needing a property manager to oversee a rehab, place a tenant, and manage the property afterwards. Anyone have a recommendation for a reputable company? I don't know anyone in Ohio and will also be looking to hire contractors. This will be my first investment property so naturally I'm afraid of making too many mistakes.
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I can't really recommend hiring the same company to manage your property as well as the rehab. That's not to say it doesn't exist as a good setup, but in my experience it's probably not the best fit. The problem that I generally see is that they will both be on the same page, so if you're out of state and they aren't doing a good job, they will cover for each other. If you have independent companies for each, they can keep each other in check. Just something to think about.
PM me, I can give a couple recommendations for contractors that I've used for about $350k worth of work in the last 12 months. I have a PM that I've used for about a year that is decent, definitely not perfect but they get the job done well enough and they are the cheapest that I've dealt with so far.
Best of luck with your new investment, would love to keep in touch and hear how your property is doing!