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How can one find a Property Management company?

To manage income property?
I am looking into this, but the property I would buy would be in another state..
Anyone have experience with this?

 
Luisa621

Asked by Luisa621 at 11:22 PM on Dec. 22, 2010 in Money & Work

Level 19 (7,211 Credits)
This question is closed.
Answers (5)
  • Maybe check with realtors in the area of your rental properties. We rent a house and it is managed by a property management company. We found the rental through a realtor who was helping the company find someone to rent the place, so I think it would be safe to assume that there are other property management places that would do the same and other realtors would have such information.
    LostTheSlipper

    Answer by LostTheSlipper at 11:45 PM on Dec. 22, 2010

  • They are expensive, and there is a minimum you pay monthly. You would absolutely have to have one if you are in another state, unless you can hire a property manager that lives on the property for a percent off rent, that can work REALLY well. Around here, the minimum monthly payment is 400-500.
    lovinangels

    Answer by lovinangels at 11:27 PM on Dec. 22, 2010

  • thanks mommies!
    Luisa621

    Comment by Luisa621 (original poster) at 11:46 PM on Dec. 22, 2010

  • Do you belong to any networking groups?
    rkoloms

    Answer by rkoloms at 10:26 AM on Dec. 23, 2010

  • You can do research online. Check out the online Yellowpages and serch by the category you want. Then you'll want to look at those companies websites. Look them up on places like Merchant Circle, too, where customers can leave reviews. When you have it narrowed down, talk to a realtor in the area you're going to buy.
    HotMama330

    Answer by HotMama330 at 11:15 AM on Dec. 23, 2010

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