All Forum Posts by: Joshua Perelli

Quote from @Bob Stevens:

Quote from @Joshua Perelli:

Quote from @Catherine Ding:

Quote from @Joshua Perelli:

Quote from @Michael Smythe:

Been dealing with all this in most cities of Metro Detroit since our PMC founded.

City of Detroit has required Lead Cert for over 10 years.

The lead certifications isn’t the issue, it’s the local agent in charge that the city is making take financial responsibility.  I cannot find anyone who wants to take that on.

 Have you had any luck finding someone yet? We are also looking at options for finding a "registered agent" for our Cleveland property

 I have not found anyone, even property managers are telling me they won’t sign off on anyone’s because they don’t like the way the city is pinning ultimate financial responsibility onto whoever the local agent is so it’s a risky endeavor. Please let me knif you find someone.

 Nobody is doing it for you for free. I offered to help you however you mentioned you self-manage, (terrible idea) and " have a rolodex of handymen" Well why are your handymen not being your local agent? My guys do whatever I want as I give them tons of repairs/ reno. 

Good luck 

Thanks bob you’ve explained how big your operation is and that’s wonderful and all but for us investors who have only a couple properties and can’t “give contractors as much work as they want” I’m looking for a solution.  I’ve also explained I’ve talked to property managers and they are not even offering the service to clients, so whether I self manage or not has nothing to do with it.

JPM

Quote from @Catherine Ding:

Quote from @Joshua Perelli:

Quote from @Michael Smythe:

Been dealing with all this in most cities of Metro Detroit since our PMC founded.

City of Detroit has required Lead Cert for over 10 years.

The lead certifications isn’t the issue, it’s the local agent in charge that the city is making take financial responsibility.  I cannot find anyone who wants to take that on.

 Have you had any luck finding someone yet? We are also looking at options for finding a "registered agent" for our Cleveland property

 I have not found anyone, even property managers are telling me they won’t sign off on anyone’s because they don’t like the way the city is pinning ultimate financial responsibility onto whoever the local agent is so it’s a risky endeavor. Please let me know if you find someone.

Quote from @Michael Smythe:

Been dealing with all this in most cities of Metro Detroit since our PMC founded.

City of Detroit has required Lead Cert for over 10 years.

The lead certifications isn’t the issue, it’s the local agent in charge that the city is making take financial responsibility.  I cannot find anyone who wants to take that on.

Quote from @Bob Stevens:

Quote from @Joshua Perelli:

Quote from @Bob Stevens:

Quote from @Joshua Perelli:

Has anyone had any luck finding anyone willing to take on this role of LAIC?  From what i've seen, due to the way the city worded the form with this LAIC taking financial responsibility, I'm having a hard time finding anyone who will sign it.  So essentially as an OOS investor I'm stuck as far as registering goes at the moment.

 NONE issue, I live OOS and do my biz there for 10 years, 

 Do you have any contacts for a local agent in charge in the area?  This isn’t just a property manager, it’s someone who’s willing to be on the hook financially in the event the owner does not comply with city ordinances.   I cannot find anyone willing to sign the form.

 Of course I'm aware of what that is and how it works, I have lets just say one or two there, Happy to help 

BTW how many do you have there? Are the occupied? Led Cirt ? 

4 duplexes all occupied.  Working towards lead certs and registrations and on all of them.  2 are currently registered.. How are you doing the local agent in charge?

Quote from @Bob Stevens:

Quote from @Joshua Perelli:

Has anyone had any luck finding anyone willing to take on this role of LAIC?  From what i've seen, due to the way the city worded the form with this LAIC taking financial responsibility, I'm having a hard time finding anyone who will sign it.  So essentially as an OOS investor I'm stuck as far as registering goes at the moment.

 NONE issue, I live OOS and do my biz there for 10 years, 

 Do you have any contacts for a local agent in charge in the area?  This isn’t just a property manager, it’s someone who’s willing to be on the hook financially in the event the owner does not comply with city ordinances.   I cannot find anyone willing to sign the form.

Has anyone had any luck finding anyone willing to take on this role of LAIC?  From what i've seen, due to the way the city worded the form with this LAIC taking financial responsibility, I'm having a hard time finding anyone who will sign it.  So essentially as an OOS investor I'm stuck as far as registering goes at the moment.

Quote from @Alfath Ahmed:

Quote from @Andrea Lee:

Hi all,

I'm set to close on my first property ever next week in Cleveland Ohio. I'm based in California and am struggling to find a property management service. Any recommendations welcome! Please let me know your experiences and what to expect in terms of cost.

Please and thank you! 

 I can send you a couple of good property managers that I have worked with that my clients really liked!

Can you send me this list as well?  I’m also looking for recommended PMs in Cleveland’s west side.

JPM

Yes please thank you.  

Quote from @Sean O'Keefe:

@ Andrea Lee we work with a lot of real estate investors that give us intel on who the top property managers are. Happy to provide some unbiased feedback on PMs in OH.

I’m also an investor in Cleveland and would like that list.  Thank you.

I have purchased 4 duplexes in Cleveland Ohio over the last 3 years and have never stepped foot in the state of Ohio.  I have a trusted realtor who FaceTimes me as he walks through the property.  He is also a successful investor in the area so he knows the areas to focus on and also what to look for in the buildings I’m considering buying.  I have a trusted inspector I have inspect all of my potential purchases.  Once I own the buildings I have a trusted handyman to handle any maintenance issues.  And I self manage all of them through www.apartments.com. To sum up the above you need a trusted team in the area you are looking to invest in and it’s very doable.  If you are looking at totally turnkey through a turnkey company, theoretically that turnkey company will become your team and manage the building once purchased which makes finding a team easier.