All Forum Posts by: Nicholas Gallinot

Thank you for the quick responses!  its encouraging to have strangers willing to help out a beginner.  I hope that in the near future I will also be able to give some tips to others from my own experiences.  When looking at some rental listings, most of the advertising was done by RE agencies.  What is the opinion on using someone like Coldwell Banker or Century 21 offered PM?  I have always thought of a PM as a separate entity.

Hello all!

Very new to this whole scene....but I am a very interested and hopeful future buy and hold real estate investor in the single family home/duplex/triplex market in central and northeastern Pennsylvania.  I say hopeful future investor because the only active real estate investments I currently have are some high dividend REITs totaling under $1500.  My philosophy in any major undertaking has always been to research like crazy until I feel comfortable enough to know what I am getting into before I take the plunge.  I do realize that I am never going to know 'everything' without actually making some deals, so I do want to dive into a purchase sooner than later

Okay, sorry for all the background, but it just felt semi necessary.  My current focus is to try and identify all the aspects of a team I would need to help me with my investments.  I have read from multiple sources about the benefits of a property manager, CPA, attorney, mortgage broker, etc...and as an amateur in this field I want all the help I can get from them!  However, I am struggling to decide where to start.  I decided that since having a property manager is a must for me (due to work) if I didn't have that covered the finding any other parts of the team would be worthless, so I chose to look into finding a PM first..  I have looked pretty hard into residential property management companies near Bloomsburg, Danville, Lewisburg, Catawissa and Elysburg (all in Pennsylvania) and have come up with more questions than answers. 

What do experienced people do when they buy a SFH in an area that doesn't have any PMs (or at least any that advertise their services)? Thank in advance for any responses.

Nich Gallinot

I am just recently becoming very interested in real estate investing, and have been researching vigorously on the various strategies and ideas to hopefully build my own personal strategy that will work best for me.  I have always been interested in passive income and investing in general, but have never been taught about it by anyone other than myself.  I started investing by buying stocks, which I didn't understand, and eventually moved specifically to REITs with high yields that pay on a monthly basis.  I have a very small amount of money in those, but I am using it as a vehicle to learn.  I am currently trying to find out as much information I can about real estate investing in my area (central PA) and trying to find out the steps the build a good team, find ways to creative finance (I have limited capital starting out), and finding a good property manager.