All Forum Posts by: Logan Hartle

@Norb Schneider thanks! I work primarily with investors and cover everywhere from Statesville down to the SC Border and Gastonia over to Mathews & Mint Hill areas. Pretty much within 45 min of downtown.

Hey Norb, This is a great question. I would certainly say a property manager will help if you plan on staying on the west coast. Managing your first rental yourself can be a daunting task but can also be very educational. 

Some pros of doing yourself:

You will get to know the ins and outs of the process thereby being able to understand what truly goes into managing the property. This will help you when it comes time to hire a manager because you will have an understanding of how long things take, expectations, etc.

Cheaper: obviously you will save $ by doing it yourself

Pros to using a property manager:

You need to know all the local laws, rules and regs and be able to follow them. A good property management company can help ensure you are compliant.

Time...this is the obvious one. You can spend your time looking for more property and setting up systems.

Policies are easier to institute and follow....you and your property manager can institute policies that are to be followed by everyone. It's important to treat everyone the same. It's all too easy to slack on the policies for a tenant you really like. That could however land you in hot water with other tenants in fair housing issues. By having a property manager be the one who is tenant facing they get to be the bad guy who has to follow the owners policies. 

Ultimately it is your choice. Should you decide to manage yourself you should still build a team of contractors, agents, etc who can help should you need it.

Sadly I had to write into my leases that “cooking has to be done either in the kitchen or at a grill not less than a certain distance from the home”

People didn’t like each other so they were cooking in their bedrooms with burners and George foreman grills. 🙃

@Mike Woodchek shoot me a DM and I will get you added to tonights meeting

Hey All,

We’re pumped to be hosting our second meeting this Wed 2/10 at 8pm EST. If interested in joining or you know someone who is, reach out to me and shoot me your email and I’ll get you an invite.

Logan

Hey Zach. Sounds like you are on the right track. Are you working with a commercial broker? If it’s an off market deal where no brokers are involved you may still be able to get a broker to assist you with the valuation, due diligence and exit strategy.
Assuming you plan to lease the property you could offer to let them be the leasing agent should they assist. If you plan to sell let them be the listing agent.

Hey Brady. Are you interested in any meetups? I am a part of a few and they focus on these areas. If so private message me and Ill get you added to the invite list

@Lauren Davila hey Lauren there are several in the area. You should definitely get involved in some of the meet ups as there are several that participate in those. Charlotte REIA has one every Wed morning.

If you’d like I can connect you with a few

I'm very excited to share that our first Commercial Real Estate meetup was a success! We host a virtual meet up every other Wednesday at 8pm EST. 

Topics include all of the non-residential forms of commercial real estate (office, medical, retail, industrial).

Our next meetup is Wed. Feb 10th @ 8pm EST

If interested in joining, please reach out and I would love to get you connected with the group!

Are you looking primarily for traditional lender or will you consider hard $