All Forum Posts by: Brian Shirey

Commercial is usually in the 3-5% range.  I've seen some charge more.  Just depends on the space.  If you have a good 3N lease in place then you should def be able to get commercial management in the 3-5% range.  

Good Morning Kimberly.  For residential management in the Pittsburgh area the going rate is usually between 8 and 10% of monthly rents.  Also remember leasing fees for vacancies that run on a commission of one months rent to market, show, screen and lease.  We have clients who only have one unit (usually out of town) and up, just depends on your time and availability.  Remember to screen your applicants well, an ounce of prevention is worth a pound of cure.  Credit, income/employment, background and landlord references are a must.  

Jason Newhouse and the crew at Pawlak's One Hour always do a great job for us.  

(412) 831-1922

To answer your questions Vicky -

1) do people rent in West View? Since majority of residents there are homeowners; Yes West View is a great rental area.  North Hills SD is great and families who rent usually end up in WV part of the SD.  $1,100 would be at the very top of the rent range for a 3/1.5 multi family unit.  

2) is West View a popular area for families? Although it has good schools, parents who care a lot about kids' education may opt for Mt Lebanon/upper st clair for better ones...  - WV is a great area for families who rent.  West View and Mt Lebo/USC are totally different demographics.  There is little or no overlap there.  North Hills and South Hills might as well be separated by a border wall, not many people leave one for the other.  If you are a north hills person you stay in the north hills, if you are a south hills person you stay in the south hills.  

Absolutely Vicky, my good friend and fellow BNI member Ashley Wagner at Tucker Arensberg is a great resource with a wealth of knowledge.  Her number is four one two five six six one two one two.

Bryan Miller from PA Capital Mortgage is a great resource with plenty of programs and lenders to shop for you.  Give him a ring at 412-44-QUOTE.

Hello Jared - Indiana is my home town.  Two names I know in that area are Don Huey Home Improvements and Lazor Brothers Contracting.  They have both been around for a long time and are well known in the area.  

Good luck in your search Bryen.  Here is a good blog post that talks about pm tasks so you have a good idea what to ask about.  

https://www.pittsburghpropertymanagementinc.com/bl...

Jim is right on the money.  The higher rental price ranges have been flooded with supply and for us those units sit and have been hard to rent (shadyside, south side, etc..).  The strength of this rental market is what I'll call the class B properties in areas like Crafton, Carnegie, Bridgeville type areas that rent for 700 to 1000 a month.  We get flooded with calls on those.  And we are typically able to find qualified renters for them.  

 I think it is worth considering with a co-signer given that:

1. The other applicants are well qualified

2. Medical hardship is something where we should have a heart and try to understand where they are coming from.  

Just make sure that if you do go forward, she needs to provide proof of this income and it needs to be at least 3x the rent she is responsible for.  Also require the co-signer to fill out an application and screen them.  We require applicants with sub par credit who we consider to enroll in our credit reporting program.  This means we will help them build their credit by reporting on time rent payments to the bureau's, and it also keeps them honest knowing that if they are late it will ding their credit.