Central MA and Northeast CT Property Managers

[Wendell Butler]

Hello everyone!

I am starting to look into property managers that can take over my 10 units, some in Worcester, MA and some in Putnam, CT. I would like one management company to handle them all as I am looking to move out of state shortly. Gross annual income for these properties combine average $145k about.

If anyone has any recommendations of some management companies that do a great job let me know.

Some key aspects:

1.) Want low turnover (obviously) and fast turnover when it occurs with touch ups to the apartments for the normal wear and tear.

2.) Want increases in rent yearly to adjust with inflation/costs. I usually do 3% increase every year and if one turns over that isn’t at market rent I would fill it at market immediately.

3.) Great background checks (no evictions, felonies, sex offenders etc.), I like at least 650+ credit, 3x rent, first last and security (or first and 2 months security), around 2 years consistent work history.

4.) 24 hour service in case something goes wrong for quick maintenance. As well as good lawn care/snow removal.

5.) Looking for around the 7%-8% range for costs.

These are low maintenance properties that I have BRRRR'd that I really only need help with turnovers (hopefully it is low) and obviously some repairs/maintenance (rarely come up), lawn care, and snow removal.

Let me know if anyone has some recommendations!

[Andrew Freed]

@Wendell Butler - I hear good things about Belaire Property Management. Brian Lucier, the CEO, is one of the heads of the Mass Landlord Association and has a ton of experience. Based on talking with other investors, it sounds like he runs a tight ship there. Definitely worth a call. Happy to make a warm introduction if you would like.