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Updated about 8 years ago, 09/18/2016

User Stats

17
Posts
1
Votes
Jabari Marshall
  • Investor
  • Philadelphia, PA
1
Votes |
17
Posts

Thinking about buying a Rooming house

Jabari Marshall
  • Investor
  • Philadelphia, PA
Posted

  I currently see two on the market, both reasonably priced.  I have heard that they can be a big head ache in some respects, but I also know that they can generate big bucks as well.  If I was to get one I would definitely want to hire a property manager.  My next question is how should I go about attaining a trust worthy property manager?  Also what tips could you give me as far as keeping tabs on the property manager.  I don't want any of my potential profits being siphoned out as a result of a crooked property manager.

User Stats

211
Posts
144
Votes
Gilbert Dominguez
  • Investor
  • Detroit, MI
144
Votes |
211
Posts
Gilbert Dominguez
  • Investor
  • Detroit, MI
Replied

One of the best things to do is think or where you can find people that have actually already been through what you are going through there in your local area. We can speak of who might recommend but they may be cross country from you. For keeping tabs on people there is nothing better than having them be local.

Look for real estate investor clubs in your area, attend some meetings, makes friends and network, network, network.