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Updated over 6 years ago,
Property Management Fees for 2br/2ba condo
Hi, first time poster here. I'm just getting started with buying rental properties, and I've been targeting a 2br/2ba condo in the Seattle or Portland areas. I don't live in the area, so my thought was to get a property manager to help watch over the place in my absence. I do have a few questions:
- 1) . I'm looking mostly at newer (Built in year 2000+) condos. Do I really need to get a property manager for something that I'm hoping is relatively maintenance free?
- 2) . For a small condo, it would seem that there's far less for a property manager to actually do, as opposed to a SFR. Should I still expect the fees to be about 10% of the monthly rent?
Thanks in advance for any advice!