Property Management Recommendations

[Robert Peruzzi]

Hi everyone, I am looking to start investing in multi-family in the greater Philly metro area and am looking for property manager recommendations. I live about 45 minutes away from center city and have small children, otherwise I'd try to self manage. 

Focus is cash flowing properties in depressed neighborhoods, but hopefully with potential for future turnaround. Please reach out with any recommendations or if this is what you do.

Thanks!

[Kevin M.]

@Robert Peruzzi I'm a property manager in Philadelphia. A few tips from the management side of things;

1) Make sure to ask your prospective managers if there are areas they do NOT cover in Philly. For instance- we don't cover the Kensington area or the far northeast

2) When evaluating your multi-family ask to see copies of the past or existing rental license and make sure the number of units on the license matches up to the number of units you're buying. This can be a real headache in Philly especially if it's not licensed for the amount of units

3) Careful buying around college towns in Philly right now. Especially the Temple area. We are having a particularly difficult time leasing in this over-saturated micro market

Best,

Kevin