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Updated almost 2 years ago,
Looking for property manager for a 4plex
Hey BP,
It's been some time since I've been active here, but I have a 4plex in the MN suburbs, and I need a property manager with experience managing small multifamily properties. Based on past conversations, it is hard to find someone adept at that niche.
The 4plex has a parking lot and large yard, and I pay for mowing/snow removal. There are common hallways/stairwells and a laundry room with coin-op washer and dryer.
Over the years, there have been many issues with tenants not being respective of common areas, like leaving stuff all over the lawn, not moving vehicles in wintertime, etc. I have a tenant getting credit for cleaning hallways, but the tenant is inconsistent. I've only been a landlord a few years so I'm pretty green at dealing with issues.
I am finding that a lot of property managers either only know how to manage SFHs (which is much different because the tenants pay all utilities, take care of lawn/snow, and have the whole place and yard to themselves) or only manager larger apartments so they won't deal with a 4plex.
What are some of the questions you would suggest to ask when screening property managers to figure out if they can manage this type of property? Looking forward to any guidance/expertise!
Bonus points for any recommendations for a property manager who serves the SE metro area of MN! Thanks, all ~
Raquel