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Updated over 6 years ago on . Most recent reply

Account Closed
  • New to Real Estate
  • Wilmington, NC
4
Votes |
34
Posts

Experience with We Manage Indy Property Management, LLC

Account Closed
  • New to Real Estate
  • Wilmington, NC
Posted

I put in an offer on a property that is managed by them and curious if anyone else has experience with this company. So far I'm not impressed by their Facebook page.

If I get the property, how would I determine if I should continue using this management company?

If I decide to let the management go, would I have to write up a new lease agreement (since there is already a tenant)?

Appreciate any guidance.

Most Popular Reply

User Stats

36
Posts
16
Votes
Matt Walker
  • Rental Property Investor
  • Denver, CO
16
Votes |
36
Posts
Matt Walker
  • Rental Property Investor
  • Denver, CO
Replied

Hi Steve, no experience with them myself. But there's a hundred prop mgmt groups out there. I wouldn't go by FB. BBB, Yelp and such are better judges of service. I might allow them to continue managing until they don't perferm (can't lease up your house in a reasonable time or don't get maintenance don't properly or too epensive) or prices, fees start to seem unreasonable, then start shopping around. You would not have to draw a new lease if you switch mgmt companies unless you choose to. But could amend the existing lease w  your tenant to name the new mgmt company.  Hope that helps...question, is this a turn key property? Do you always buy properties that are already rehabbed?

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