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Updated over 11 years ago on . Most recent reply
Property manager
As international investor living abroad, the chose of the property manager is very important.
I already deal with a PM who manages my property in Alabama since 2011.
I payed the house $104000 in the regular market and I rented out at $950. Therefore I am pretty far from the 2% rule. Nevertheless I had no problem so far.
I asked PM to find another rental property.
He recommended me to chose a property rented out at at least $900 because cheaper rent attracts problematic tenants. Therefore he proposed me houses above $100000.
The local market (Huntsville, AL) provides houses having higher ROI (in the $50K) but it is hard to find property managers who manage them.
From the PM prospective high rent means better tenants and less work.
Somebody recommend me to hire less accredited PM who works more for less money.
I believe is riskier.
What do you think?