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Updated over 6 years ago,

User Stats

7
Posts
1
Votes
Jason Leu
1
Votes |
7
Posts

Property Management Fees for 2br/2ba condo

Jason Leu
Posted

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!

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