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Old 04-24-2011, 09:08 AM
 
262 posts, read 810,956 times
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Condo is single unit located in Belleville, NJ.

Looking for a high quality property management company that will screen tenants carefully and take care of day to day management and collection of rent, etc.
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Old 04-24-2011, 12:14 PM
 
11,340 posts, read 10,119,295 times
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Quote:
Originally Posted by mshan242700 View Post
Condo is single unit located in Belleville, NJ.

Looking for a high quality property management company that will screen tenants carefully and take care of day to day management and collection of rent, etc.
Management companies generally don't do single units, as it is not worth their time. Many won't even do less than 25 units. You need an economy of scale to make any money from property management.
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Old 04-25-2011, 07:18 PM
 
Location: Cranford NJ
1,049 posts, read 3,845,801 times
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You should have a local realtor do it for you. One who knows rentals, and perhaps owns a few him/herself. Able to do minor repairs, (somewhat of a handyman). In NJ, a property manager needs to have a real estate license. Be prepared to pay monthly for this service.
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Old 04-25-2011, 07:26 PM
 
262 posts, read 810,956 times
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The realtor who is currently selling my sister's condo may list it as rental later this year (I think her total fee for listing as rental will be 1/2 month rent as their total fee, I believe paid by renter)

I kind of think she doesn't know much about rentals and am concerned that she won't do due diligence to find tenant who will care for place with same care my sister lived there. She doesn't want to be a long-term landlord, so probably would still keep place on market, but now sell as investment property with tenant already in it I guess.

I have done some tentative google searches for property management New Jersey and found this link: New Jersey Property Management & Maintenance Low Cost Services

Sounds like professional real estate investor that manages own properties, so managing another property for fee doesn't really add to their overhead. Problem is it sounds they may manage properties in tougher areas and seems like they might use strong arm tactics on some of their tenants.

Last edited by mshan242709; 04-25-2011 at 07:35 PM..
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Old 05-09-2011, 01:04 PM
 
Location: Northeast USA
133 posts, read 317,635 times
Reputation: 146
Gervin Property Management in Parsippany. Highly recommended.

http://www.gervinmanagement.com
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