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Updated about 10 years ago on . Most recent reply

User Stats

319
Posts
103
Votes
DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
Votes |
319
Posts

bad mgmt, bad tenants, or no big deal?

DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Posted

So...we have been trying to go and view two duplexes for sale by the same owner for over a month.   The mgmt company never answers the phone, and might call back once per week.  Each time they say that they can't get ahold of the tenants for us to go view the properties.  Does this throw up any red flags to you?

Most Popular Reply

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1,568
Posts
567
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Peter MacKercher
Agent
Property Manager
Pro Member
  • Residential Real Estate Broker
  • Saint Louis, MO
567
Votes |
1,568
Posts
Peter MacKercher
Agent
Property Manager
Pro Member
  • Residential Real Estate Broker
  • Saint Louis, MO
Replied
Originally posted by @Patrick L.:

Do a drive by evaluation and a make a low ball, worst case condition, offer with an inspection contingency.  If it's been on the market a while and the management is so so the owner may be motivated to sell.  Sometimes the best deals take a little more work and come with a little less hand holding. 

 If this is your first property i suggest not doing that. Evictions suck and most the time if the property is missed managed it will need a ton of work too. Go out and find you a good property that has good management in place and make a fair deal. If you have a ton of experience and know how by all means go for it. 

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