Analyzing possible first property

[Wendy Fontaine]

Having never done anything like this before in my life, I am wondering who to reach out to when calling on a MLS property. I am trying to use the calculator and want to find out how much the property management costs. Should I call My agent? The agent listed? The property management company that currently runs the property? Should I contact anyone if I haven't got the funding nailed down yet? Thanks for any feedback.

[Tim Herman]

@Wendy Fontaine you are only allowed 5 uses of the calculators unless you upgrade to Pro. Most PM charge between 8-12%. I analyse using 10%. How are you determining your soft costs: vacancy,repairs and capex? 

The calculators use a % of rent monthly for the calculations. This is how I analyse. 8% vacancy= 1 month vacant out of 12. Repairs $50 minimum or 5% whichever is greater. Capex $100 minimum or 10% whichever is greater. You have to have an understanding why each of the numbers are used.