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Updated over 1 year ago on . Most recent reply
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Good, experienced section 8 property management
Hi everyone, I’m looking to find a reputable property management company in Cleveland that can help me with section 8 properties
Thank you!
Most Popular Reply
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Great advise Michael Smythe.
My addition to the topic:
Do not use referrals from anyone that is getting paid a fee to advertise companies. I have seen James Wise refer people to companies in Toledo and when I sent an email about stopping the fraud in Toledo they sent me a form to pay a large fee to advertise. The company that was recommended was a company that got tons of people into bad investments. Nothing against James Wise, just make sure you do your own research, I'm sure they have good people too.
You need to contact these companies yourself and interview them. Go to Cleveland and meet the broker personally. If the broker will not give you the time of day, move on. If there is no broker, move on. In Ohio a property management company must be a licensed broker to run a management company.
1. check public records to see how many evictions they file monthly.
2. request references
3. ask for references from contractors that they use that are licensed.
4. check reviews . don't look for 5 stars, but look for reviews from other investors. Read tenant reviews but know tenants put bad reviews up when they are being evicted. So look for some good reviews from tenants also.
5. look up the state license- make sure the company name is the same as the license.
6. look for a company with in house maintenance with certifications.
7. beware of companies that have full fledged maintenance companies that are seperate entities.
8. ask for a copy of the workmans comp insurance endorsement.
9. ask if employees are on payroll and covered by work mans comp.
10 request a copy of liability insurance and E an O insurance.
11. most of ohio has led base certifications, ask about the lead requirements and how they handle them.
12. ask if the units are inspected annually and by who? ask if you receive pictures of any units during inspection as well as any work performed.
13. ask for a copy of the policy and procedures for leasing units and the written standard qualification practices.
14. ask how many units they have in management and how many staff they have and what positions they hold. On average there should be one employee in the office per every 75 units.
15. ask what software they use and look up the software to see if you like it.
16. review a copy of the management agreement.
Most importantly, go visit the city and management offices.
Cleveland and Toledo are both very difficult cities to find good management in.