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Updated over 3 years ago on . Most recent reply

User Stats

16
Posts
4
Votes
Eric Brenneman
  • Castle Rock, CO
4
Votes |
16
Posts

Only property manager in town is leaving, need some advice, stat!

Eric Brenneman
  • Castle Rock, CO
Posted

Hey Community,

I currently own a triplex in a bedroom community outside of Des Moines, Iowa. I live in Colorado, I've had a professional property manager managing the property flawlessly for the past 7 years. They just notified me that they will be leaving the business on January 1. They do not have any property managers locally to recommend, nor does the real estate agent that I bought it from. In your opinion do I take the next 2 months trying to find a property manager as it's cash flowing very well, or sell and re-invest in a different community with more property managers since I'm an out of state investor.


I need your help and need your advice, if I sell I'd like to reinvest into two duplexes so that I move up to 4 doors from my current 3. Thoughts everyone??

  • Eric Brenneman
  • Most Popular Reply

    User Stats

    19
    Posts
    3
    Votes
    Chastity Cortijo
    • Highland Lakes, NJ
    3
    Votes |
    19
    Posts
    Chastity Cortijo
    • Highland Lakes, NJ
    Replied

    How difficult would it be to ask for their list of vendors that serviced the property and manage from afar? 

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