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Updated about 6 years ago on . Most recent reply
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Do you use the same company for PM & purchasing?
I've been looking into investing out of state lately as the Atlanta market is becoming very saturated with buyers. I've located a market I'm familiar with where price to rent ratios are favorable and plan to invest.
Up until now I have always self managed. While it was not always the case, I actually enjoy it. I'm very hands off and have automated most process. My property management style and lease are very strict, however I also provide high quality housing slightly below market rates. In order to invest out of state and scale I realize this is not my comparative advantage.
Obviously there's many things to consider when choosing a PM company. What I'm wondering is - what benefits/disadvantages have you experienced when using the same real estate company for PM and purchasing vs. separate companies?
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If they are the same company make sure you are not dealing with the owner when purchasing and that the person helping you buy sees little to no financial benefit from the management side. On the plus side pocket listings are more commonly a thing in this arrangement assuming the PM company is of a reasonable size