Man Who Slammed Baby on the Floor N Charleston Sc

William H.

Realtor
Charlotte, NC

Replied Jan 28 2014, 03:xl

I utilize John Liberatos at RentCharleston.com for a habitation downtown. The downtown area is their specialty, merely I recall they manage most areas. I've never had any bug with them in three years. Could you PM me te ones that you've had bad experiences with? I'll ask effectually for some other options, too.

Replied Jan 28 2014, 05:01

I too would like to hear who y'all've had bad experiences with. I am a Realtor with The Boulevard Company and John Liberatos is my broker. I don't piece of work on the property management side of things.

I own a few rentals but I manage them myself every bit I also have a contractor'due south license and I go along them adequately low maintenance.

Alton D.

Investor
Fairfax, VA

Replied Jan 28 2014, 05:38

Gents,

Thanks for the quick responses. As for the specific companies, I'll PM you as I don't want to slam them here.

However, on a general basis hither'due south the issues I'one thousand finding with PM companies in the surface area. Companies but want to manage the prissy properties (middle to upper grade) neighborhoods. Fortunately, most of these folks pay their rents on time, fifty-fifty with direct deposits, and rarely accept any problems. Hell, I can manage a belongings like this myself. No demand to pay a PM company 10 percent.

My properties are in lower heart income areas. Tenants are late and have to "managed". I understand this and pay a premium for these hassles (12-xv percent).

Unfortunately, the PM companies surrender and quit or the ones who stick around don't answer to my emails and calls. I'thou a long distance landlord and pretty much of a easily off kinda guy. My belief is hire the right people, pay them well, and let them do the job yous hired them to do. With this said, I expect emails and calls to be answered inside a 24 hour period. I'm up to 5-6 days with no response. Feels disrespectful.

Charleston (specifically North Charleston) has some great greenbacks flowing backdrop. The simply thing belongings be back from snatching up more is the lack of a reliable PM company who tin can manage these types of tenants.

Makes me think, who is managing these lower middle income properties of the current owners. I presume they are cocky managed.

I'k fifty-fifty starting to consider opening mine own PM company to specifically target these type backdrop and long distance landlords.

In conclusion, Charleston has tons of PM companies for centre and upper form properties simply none for lower middle income properties.

Replied Jan 28 2014, 06:twenty

Alton, I know EXACTLY what you lot're talking virtually. I have a duplex in Due north Charleston that will do x% annually if I don't run across $hit occur like I saw almost a year ago. I acknowledge, due to the war zone information technology is in, I had a "conspiracy of silence" with the property manager - called The Space Company - where I didn't desire to visit and they didn't either. We both just made our money during the good times. When things went southward they went south big-time. I walked in one twenty-four hour period and could not believe the state of affairs. The most obvious was removed fume detectors; the other glaring issues were the p-trap was missing from kitchen sink, crayon all over the walls, plenty of clay on the floor, pigsty in the drywall from the tenant being pushed into information technology by her felony-background boyfriend who was living there - I could go on. The BIC was totally unwilling to take any responsibleness. I got the feeling as you described that they didn't actually want to be managing information technology. And true, there are plenty of managers around here who volition manage a prissy and easy property for y'all, and I feel the same mode about it yous practice. I also find their contracts to be fairly one-sided. Sigh I took the property on myself, and had to practise $three,500 in repairs, I child you non. Also had to pursue an eviction for ruining the place. Fast-forrad six months and I finally institute a new tenant, on Section 8. At present I have both sides nether command and Department eight is paying almost 85% of the rents. The other tenant thinks I'one thousand a god because I actually pay attention to her needs. As you lot can imagine, that neighborhood gets quite a few deadbeat landlords because there is a sure sense of depression laying on it similar fog, and criminality and as yous say, the greenbacks menstruum is good. In fact, I think the value of my identify has dropped from $130k to $75k since 2009. Mortifying. And then I am only trying to keep information technology going well so as to keep the cow giving me milk. Yah this one has put my wife and me through the ringer. Though I take been disappointed with Section 8 having a freeze in new vouchers (meaning, at that place are only say, 2500 vouchers to get around and there are 2500 units, but in that location are 2000 people on a wait-list. That would be like catching fish in a butt if they opened up the rolls, and in 2010 it was open up. It took me 2 months to find a tenant - and I used a leasing amanuensis! The other issue is that the water is shared, and it would exist a b^tch to split them upwardly - and would probably pile too much debt onto these tenants ($100 in actress bills a month to my tenants is like $1,000 to y'all and me). Well anyway, if you accept whatsoever other questions or comments, experience gratuitous to PM me, I am willing to help y'all out if you need a petty something. I likewise am studying at this very moment for my RE license and then I can save commissions and get mls access, and then if you have a decent number of units I might be willing to hook you upward with direction. If things go well, I am going to get into a couple new purchase and holds this twelvemonth, and in a way, managing x units is more attractive than managing my current two. Feels like a chore so. And with 10, I would exist saving or making $750 a month or and then, which adds up. Well, either fashion, glad to connect with yous because I accept felt the exact aforementioned way about Charleston holding managers and you described information technology perfectly.

Replied Jan 29 2014, 07:06

Hello,

I am in the Charleston surface area also if you need any assist down here. I accept a very diverse construction background and have been flipping houses in Cleveland, OH since 2002. My wife and i moved down to Charleston about 15 months agone and bought our first single family unit in West Ashley. Just getting finished upward rehabbing this property. Starting to await for more greenbacks flow properties in the expanse as we are planing on buying numerous SF and MF homes in the expanse. I am currently having problems finding cash flow properties in the area, if anyone can help me discover a good whole seller or agent that knows allot about REO properties. Any good investor meetings down here? how many active members are on here from Charleston.

Thanks for whatsoever help!

Russ Scheider Pro

Flipper/Rehabber
Mount Pleasant, SC

Replied Jan 29 2014, 07:eighteen

Tony Conway. My wife and I are fix & flip investors in the Charleston expanse and have 1 house on the market, one in renovation, 1 under contract, and several more in the pipeline. We are not in the buy-and-hold business at this time, and then I would exist happy to talk to you lot almost wholesaling some peachy rental backdrop nosotros find when homeowners and investors respond to our marketing. I am also active in the Charleston area REIA (Real Estate Investors Association). Good grouping. I particularly like the "Dealmakers' Breakfast" meetings on Mondays. Contact me if you want more than info.

Replied Jan 30 2014, 22:19

@Anthony Conway welcome to BP and congrats on your move to Charleston! My husband and I love Charleston and program to relocate and semi-retire there. I have also recently joined the Charleston area REIA referenced by @Russ Scheider via Meetup in order to network with other local investors and go a head beginning on our future plans to purchase belongings. Since we're in Texas, I tin can only participate in the weekly Sunday online calls, or use the Meetup discussion board to communicate with other members. Merely it is one of the largest groups in the area from what I've found. Next time we're in town, I hope to actually attend a meeting in person!

All the best!

Ps: lamentable about the loss of your iPhone!

Replied Jan 31 2014, thirteen:00

How-do-you-do all,

@Russ Scheider where practice ya'll meet for the Dealmakers Breakfast. I live in Mt. Pleasant and would like to get more than involved in investing in real estate. I've had my real estate license for 7 years, but did mostly property management for the commencement 5 and one-half years. I'grand really looking forwards to doing more real estate transactions and starting to invest in existent manor.

@Anthony Conway There are some properties in the "neck" area (N Charleston upwardly Meeting street) that are pretty cheap and get some decent rents. The only issue is that the area is pretty rough and your tenants will be a piddling tough to deal with. I have looked a few properties and have some idea of what is bachelor. I am not yet an skillful on the area, but I am actively looking in that expanse for myself. I likewise accept a friend that is looking to sell off his portfolio.

Have a great solar day

Russ Scheider Pro

Flipper/Rehabber
Mount Pleasant, SC

Replied January 31 2014, 13:51

@Tradd Bastian REIA meets at Atlanta Staff of life in N Chas on Monday at eight:xxx. Check Meetup.com

Replied January 31 2014, thirteen:53

@Russ Scheider Cheers I'll check it out.

Anthony Carlson Pro

Rental Property Investor
Murfreesboro, NC

Replied Mar 5 2014, 15:00

Hey Alton I was wondering what those companies that you were having problems with are. I am soon going to exist moving out of town and am looking to rent out my business firm when I do. Thanks.

Alton D.

Investor
Fairfax, VA

Replied Mar 6 2014, 00:45

@Anthony I'll send yous a PM since I don't desire to blast the companies hither.

Replied April three 2014, 20:05

Originally posted past @Alton D.:
@Anthony I'll send you a PM since I don't desire to blast the companies here.

can you send me that list also?

Thanks

Alton D.

Investor
Fairfax, VA

Replied Apr 4 2014, 01:xx

@Reginald, Will practice.

Tim C.

SFR Investor
Charleston, SC

Tim C.

SFR Investor
Charleston, SC

Replied May two 2014, xix:13

@Alton D.

Hey Alton, I've used a belongings manager that was pretty decent for a few years now. Send me a PM and I'll shoot you the contact info. Also interested in who yous've used and what kinds of issues yous've had.

Nat C.

Investor
Miami, FL

Replied Jun 14 2014, 08:07

Hello Alton,

I wish I had of seen this earlier.

You may have already found a PM. I cannot recommend more highly Adam Bark:

Southern Shores Real Estate Grouping

1050 St. Andrews Blvd., Suite D

Charleston, SC 29407

Sales Agent / Belongings Management

Straight 843-906-5474

Email [electronic mail protected]

Adam is the most awesome realtor I've come up across in 10 years working in real estate. The guy is beyond astonishing. He projection managed my entire belongings renovation while I was overseas at Admittedly NO COST.

I offered to pay him on a number of occasions and he declined. He oversaw every detail of the job to make sure it was done well. The initial idea was to sell withal when nosotros listed it the offers weren't very practiced.

Then Adam turned around and said we needed to find tenants and so I could generate some rental income. He found some good tenants to move in direct away but there was no HVAC.

Adam actually provided his own window air conditioner whilst I was organizing installation of the fundamental system.

Adam is 1 of the most hard working, upstanding, trustworthy people I've ever met in my life. HIGHLY RECOMMEND

Trae B.

Charleston, SC

Replied Sep 23 2014, 16:xvi

Hey @Alton D.,

I'grand interested in seeing that listing of property managers, do you even so accept it available? I've been using a belongings managing director on James Island the past couple of years and the communication has been a scrap spotty lately, interested in seeing what issues you've had. Thanks.

Replied Oct three 2014, 12:12

A expert friend of mine Nate Dunworth owns a property management company in Charleston and has gotten great reviews from some of the local investors I've spoken with.

Check them out and tell him Brian sent ya.

http://dunworthpropertymanagement.com/

Prag Patel

Investor
Atlanta, GA

Replied Apr 22 2016, 21:30

Bumping this thread every bit I call back it needs updating.

Replied May 16 2016, 06:25

I've been using CarolinaOne for the by four years, and they've been pretty decent. No problems at all.

@Russ Scheider, information technology'southward been a couple years since this thread has been agile. Do you still accept meetups for the REIA? I'd dearest to join you all once I'thou in boondocks (Probably July).

Russ Scheider Pro

Flipper/Rehabber
Mount Pleasant, SC

Replied May sixteen 2016, xi:03

I will organize a happy hour in July. Nothing to exercise with any formal organization. Merely an breezy gathering. Please give me email and phone number and I volition brand sure you are invited.

Replied May 16 2016, 13:thirty

Cheers Russ! Hopefully I'll be in boondocks past then. I sent you my east-postal service the other day, and when I get a United states of america phone number, I'll send that along, likewise.

Looking frontward to meeting anybody!

Russ Scheider Pro

Flipper/Rehabber
Mountain Pleasant, SC

Replied May 16 2016, 13:40

@Mike Goldberg yous are on the list!

Replied May 19 2016, 02:46

Originally posted by @Russ Scheider:
I will organize a happy hr in July. Nothing to do with any formal organization. Just an informal gathering. Please give me e-mail and phone number and I will make sure yous are invited.

Russ How are you lot sir ?

add together me to the list and yous should have my number.

Funny thing had a skype call this morning time at 230 am with New Zealand and Charleston came upward again. Potentially looking at a town home projection their. As much equally I like to stay threescore miles of Charlotte. We are jumping into multiple NC markets.( taxes better on investments) only Charleston keeps coming back up.

talk soon

Alex

Troy Gandee Premium

Existent Manor Broker
Charleston, SC

Replied May 19 2016, 04:27

@Alex Franks let me know if I can aid!

beltstrue1978.blogspot.com

Source: https://www.biggerpockets.com/forums/52/topics/114625-property-management-charleston-sc

Man Who Slammed Baby on the Floor N Charleston Sc

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