Trying to buy from property management companies

Trying to buy from property management companies

Professional · Fredericksburg, VA · Member since 2015 · 37 posts · 8 votes

Good afternoon BP family!

In my searches for other rental acquisitions I read that there are deals to be found with other property management companies that may have properties that 1. May not be performing for them or 2. Properties that have been mismanaged. Does anybody have any input on this? I feel like a bit of a troll calling up rental management properties and asking them if they have anything they are willing to sell. Is this what has worked for those familiar with this type of strategy? Is there a criteria being used to hunt down “high-risk” companies? 

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  • JD MartinBusiness Member
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    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
    11y

    I don't see anything wrong with it, personally. It doesn't have to be done in a trolling method - if you are uncomfortable with calling, and some of the firms have offices, you could just as easily stop in, say "Hello, I am so and so, and I am looking to expand my portfolio in this area - if you become aware of any of your clients who want to sell, please feel free to pass my name/number along". 

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