Investor · Glen Head, NY · Member since 2017 · 14 posts · 11 votes
Hello all,
I recently acquired a duplex in South Oakland that was being used by the previous owner as a student rental. I'm looking for a company that can manage it as a student rental and got in contact with Mace Property Management per the advice of my realtor and other threads I've seen on this forum.
However, Mace declined, saying that they're trying to steer away from student rentals. And they said they didn't know of other companies specializing in that either. I'm wondering if anyone has a management company they could recommend for student rentals in Pittsburgh, especially for South Oakland.
Property Manager · Pittsburgh, PA · Member since 2015 · 5 posts · 3 votes
4y
Hello Jacob!
We don't specialize in student rentals. But we manage about 550 units and have around 20 there in the same area that we manage. Feel free to give us a call if you'd like to discuss. Colin would be your contact for this. BP isn't letting me post his contact info here so I'll message it to you.
Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
4y
Well I can tell you that in Oakland, CA and Berkeley, CA a number of property managers have started steering away from Student Rentals for (probably) the same reason a lot of PMs are now getting away from them. Maybe you would want to consider AirBnBing them or simply putting long term tenants in there.
Property Manager · Pittsburgh, PA · Member since 2015 · 5 posts · 3 votes
4y
Hello Jacob!
We don't specialize in student rentals. But we manage about 550 units and have around 20 there in the same area that we manage. Feel free to give us a call if you'd like to discuss. Colin would be your contact for this. BP isn't letting me post his contact info here so I'll message it to you.
I recently acquired a duplex in South Oakland that was being used by the previous owner as a student rental. I'm looking for a company that can manage it as a student rental and got in contact with Mace Property Management per the advice of my realtor and other threads I've seen on this forum.
However, Mace declined, saying that they're trying to steer away from student rentals. And they said they didn't know of other companies specializing in that either. I'm wondering if anyone has a management company they could recommend for student rentals in Pittsburgh, especially for South Oakland.
Thanks in advance!
I have dealt with many quite a few PM companies in regards to Oakland.
My guess is they are avoiding student rentals because the moratorium on evictions and rents is still in place. That segment may have been getting away with not paying rent more than other segments of the rental population.
Given that since margins are low on what PM companies make and they have all had plus and minuses.
I like the idea of getting local companies that have been in the area for awhile because they at least know and are fighting the issues on a regular basis.
The tech based PM companies that manage remotely won’t know the market as well.