Property Managers in North Jersey

[Mateusz Prawdzik]

Hey Guys, I usually never start discussions only respond to current ones, but this is the first in a long time. Why? I am looking to start getting into buy and holds and am looking to purchase a 7 unit in Garfield, NJ. I am in need of a property manager or a couple of suggestions so I can call and do a quick interview to see if I would potentially be interested in doing business with them. The property isn't in the best area of Garfield but it's not a war zone because the properties adjacent to this one are newly renovated and look awesome, it's just this property and maybe one or two more that have been neglected. 

Along with the suggestions for some property Managers, I would also like to ask some questions about buying and rerenting. I am looking to purchase the property after 2 tenants get evicted (both section 8s) and the units that they are living in are not in the best shape and I would like them to be renovated. Being a flipper and developer, I know what it's going to cost to do a CHEAP QUALITY look to the place to potentially make the renting quality x10 better. Now if I find a property manager, are they responsible for getting the place fixed up and ready to rent or do I have to do that and then they take care of everything else? I don't want to finish the house like as if I was doing a flip which I am doing full-time so I don't really have to do this one myself (as I doing 9 properties right now and can't be bothered with 1 unit). Is that the responsibility of the property manager?

Next question, quick one. On a 4-unit, there was 5 meters, what is the extra meter for? Is it for the hallway light and the basement light? I was wondering because there is only 4 boxes in the basement.

3. What are some preliminary things that I should look out for from a Property Manager? Other than vibes and the type of personality they have, is there like specific questions to ask them to test their abilities?

4. How is rent usually collected nowadays? Electronically? Cash? Check? Is this determinate to the property manager?

5. What are rates right now for a 7 unit in the same location? 10%? I am doing all my math on 10%, which I think is the worst case, but what is the standard right now?

6. What are somethings that I should watch out for from the property manager that tells that they are trying to screw me? How should I avoid these?

Sorry for asking so many questions, but I think that I will have more once these are answered. In return, if anyone has any questions about flipping or developing or the construction process... please ask away, I am way more knowledgeable on the flipping side and what is a good investment and bad investment in the certain neighborhoods.