All Forum Posts by: Stephen Krzyzak

I am typically very cautious with property managers who expect you to sign a long term agreement.  I have learned the hard way, that its best to go with property managers who aim to earn your business every month.

Hi Jason, I have been an out of state investors in Indianapolis for several years.  I have had experiences with a few property managers.  If you would like, I could share my experiences with you on each of them.

I have been an out of state investor in Indianapolis for the last several years.  I would certainly be willing to share with you my experiences and the current team I have in place.

I have been an out of state investor in Indianapolis for the last several years.  I would certainly be willing to share my experiences and provide you some pointers.

Hi Kyle,

I have been an out of state investor for several years.  In my experience, the property manager is the most important part of your team.  

When looking for property managers, there are a couple different things that I look for

1.  How many properties do they manage?  Will I be a big fish in a small pond?  Ideally, I want to know I have some leverage if I decide to my portfolio elsewhere.

2.  Does the property manager have their own maintenace company?  I have seen where maintenace becomes another profit center for managment companies where they try to nickle and dime you on every turn.

3.  Does the property manager have an office and dedicated staff?  If the property managment consists of one person, this could obviously become an issue.

4.  Are they expecting me to sign a long term contract with penalties if I decide to void it.  Property managers should earn your business every month.  If they want to lock you down longterm, be cautious.

Best way to go about finding property managers is to simply get and throwing scenarios at them.  You should also ask them how long they typically take to turn a property and get it re tenanted.

Hope this helps!