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Updated over 9 years ago,
How to estimate property management costs in a 4-plex
How do I estimate how much property management costs would be? I want to buy a 4-plex in Louisville, KY. Initially, I plan to live in it, so I won't have PM costs, but after a year or two, I see myself moving out, so I want to budget for the costs. Make sense?
In a similar question, I am assuming it makes sense to do my analysis based on renting all 4 units? While i am living there, the rent will be lower, but will go up when I move out and rent it. (the rent I don't pay, I plan to save anyway - I would pretend I am paying rent, but actually pay it to my savings account)
Thanks!