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Updated over 15 years ago on . Most recent reply
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Property management company costs
Hi guys,
New to the forum and new to RE investing, so I appreciate your advice in advance. I am looking to purchase my first income properly in CA's Inland Empire, and since I live in SF Bay Area, can't really manage it myself. So I will be looking for a property management company to manage it for me. A couple of questions:
- How do you go about background-checking the property management company? What is the criteria that you use?
- How much do property management companies typically charge? Is it based on gross or net?
- How easy/hard is it to break a contract with a property management company if you don't like them?
Thanks
-A