All Forum Posts by: Walter E.

@Edgar Estrada we share the same last name and I’m also in Salem, Oregon. I’m available for lunch if you are interested in meeting to talk about real estate investing, I currently privately manage close to 500 apartment units in NE Salem. 

@Ned Carey I appreciate your response. Thank you.

When you take over the management of a property, is the property management liable for any negligence or accident that happens to the tenant? As in, let's say a tenant steps on a nail sticking out on the deck, child falls from second floor window with no screen protection, etc. Who does the tenant's attorney go after? The property management? The owner/LLC? Or both? I guess what I'm asking is, if you an owner turns over management to a PM the owner is no longer liable for any potential law suits?

Thank you 

@Jeshua Hone welcome! I’m in Salem too :) 

I am taking the family to Great Wolf Lodge today and tomorrow, sorry to miss this opportunity. 

Patrick O. Barry, Certified General Appraiser

They are based in Portland but know the Salem market pretty well. They just appraised 5 apartments buildings (500 units total) here where I work in Salem. 

Congratulations! I work for a private owner and manage his 500 units in NE Salem. Let me know if I can be of any help :) 

@Chris ParrishI have been managing class C properties in NE Salem for over 10 years. All the apartment buildings that I manage have 50 plus units. I'm looking at a class C apartment building for sale this week and the asking price per door is $63,000, units have W/D hook ups. These units are 2 and 3 bedroom units that can rent for $775-$925. you can message me anytime. Good luck!

@Ryan Cash  I'm in Salem too! managing people/tenants and finding good deals are in my view the most challenging. Fortunately, there are people here with tremendous amount of knowledge that can help, welcome!

@Justin Bieler yes! 5 apartment complexes total! Salem has been really good for my employer.  They are currently looking for another 50 plus building to add to their  portfolio