Hey everybody! I'm a long time reader, but this is my first time posting.
My wife and I have been building our real estate portfolio. We now have 22 occupied properties, 7 newly remodeled ready to rent, and 6 more we are renovating now. Some multi's, some singles. Mostly in Midvalley, Valley View, and Carbondale school districts.
I am looking for a manager who would handle all interactions with tenants, including advertising, screening, rent collection, and maintenance requests. A bonus if they can also do some "handyman" work. Although I do have a team that does renovations to pull from in that area if needed.
Right now tenants deposit directly into my bank account, and I receive 100% of the rents due with in the first half of the month, but with some of them I have to contact multiple times, post eviction notices etc....
Rent collected is currently around $20,000 a month, and I am expecting it to hit $35,000 by the end of the year.
Currently I am self managing, and the tenant relations aspect of the business takes me about 5-10 hours a week, I imagine it would be fewer hours once we have all of the apartments filled and it is simply filling vacancies, rather than filling a bunch of apartments for the first time. It is for this reason that I feel like the common 10% fee (2K-$3500) a month is a bit high... I'm thinking a lower flat fee per unit to be "on call" and then an hourly fee might work better? Some of the tenants I only hear from when they pay their rent... and they are very low maintenance.
I do NOT need help paying utility bills etc...
Please let me know if you are interested or if you know anybody.
