Real Estate agent and Property Manager in Allentown

[Jonathan Yeung]

Title says it all. I'm looking to possibly investing in the Allentown area, so I am looking for motivated a real estate agent and property managers that really understands the area to work with.

[David Ribardo]

@Jonathan Yeung, welcome to the BP forum! There are a few good motivated investor agents here in the Valley - talk to a few of them, and see who is a good fit for you.

As far as property managers go, they run the full spectrum. Some of them are high cost, high service, and will run 10% plus a full months rent for tenant placement. Assuming a 1 year tenant turnover, that gives you an effective cost of 18%, and will kill your profit margins. On the investor-friendly side, you can find some with rates as low as 7% plus half a months rent for tenant placement, giving you an effective cost of 11%. Then, as you scale up, other options may become available. If you need some recommendations for who to talk to, shoot me a message and I'll put you in touch.