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All Forum Posts by: Daniel Parrella

Daniel Parrella has started 5 posts and replied 21 times.

Post: Property Management for just 1 Property?

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Awesome thanks man.

Post: Property Management for just 1 Property?

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Thanks fellas.  I'd agree, at this point it probably is worth the experience alone to give it a go, and 10% for this one would be 150 bucks a month or so.  That's a decent chunk and it does add up over time.  Thanks for letting my pull from your experience.  

Post: Property Management for just 1 Property?

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

So I'm THIS close to finally closing a deal!  Pretty excited to dive in and get going!

That being said, as I get closer I'm starting to think more about whether I should use a property management company or not.


Does anyone with some experience have any input on the things I could run into trying to manage it myself?  I'm prepared to take phone calls and coordinate handymen, etc, but I'm just starting to wonder if the time I'd invest would be worth it.  

Finally, if anyone has any good references for a property management company in the Cleveland Ohio area, I'd love to reach out to them and get prices/products.

Thanks as always!

Post: Contractors/Handymen in Cleveland, OH

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Looking for complete package type people who could do anything from a light sprucing up of a property to rent, to a full remodel for a flip.  Basically a GC.  I think I may have found a pretty solid guy at this point but obviously I'm always happy to hear what other people think!

Post: Contractors/Handymen in Cleveland, OH

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Hello all,

So I'm new-ish and attempting to stay in-line with standard forums etiquette here:

I don't want to post in the wrong areas and derail subjects/conversations, so say I'm looking to reach out to local handymen/contractors for a possible rehab, where is the best place to do that within the BP forums?  

Would this be a good place to start?


Thanks for bearing with me,


Dan

Post: Brand new from Indianapolis, IN.

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Thanks Robert it's definitely on the radar for future buys!  We have a few offers out in the Cleveland area but if they don't work out we might start exploring elsewhere. 

Post: Brand new from Indianapolis, IN.

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Thanks, Gerard and Ross.  How connected and responsive the community is has been impressive to say the least.

Post: New member from Geneseo, IL (Quad Cities)

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Just joined today myself! 

Welcome, and definitely check out the podcast if you haven't already!

Post: Brand new from Indianapolis, IN.

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Thank you Tom! 

Post: Brand new from Indianapolis, IN.

Daniel ParrellaPosted
  • Indianapolis, IN
  • Posts 21
  • Votes 6

Thanks for the input Kevin! As far as the property type I would say we're open to either one. I suppose ideally we would like to get turnkey properties, especially due to our lack of experience. That said it does sort of seem that there is some pretty good opportunity with homes that need a little work. I will definitely look into the REIA meetings, is that something you can just show up to? Thanks so much for reaching out!