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Updated almost 6 years ago on . Most recent reply

User Stats

38
Posts
6
Votes
Eric Long
  • Niles, MI
6
Votes |
38
Posts

Using the Seller as a PM through their Company?

Eric Long
  • Niles, MI
Posted

I just came under contract for a duplex that is managed by the seller's company. I am planning to live in the unoccupied side and was fully expecting to pay for a property manager from the start. However, he offered to keep managing the property. On the surface, this seems like no big deal but I'm curious if there is anything I should be aware of (good or bad) about this setup. It reminds me of situations where a person steps down as a manager for company but remains there and a different employee is now a manager and making changes -- effectively an indirect way of saying the past manager was "wrong". This will be my first property and first time dealing with property management so I'm not too sure what will come up.

As a side note, the other unit's lease is until June, so I can use the next couple months as a 'test' too.

Thanks!

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