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Updated 25 days ago, 12/02/2024
should I manage alone or property manager?
I am 74 female, been managing a duplex for yrs without too much difficulty but tired of it - have vacancy coming and several repairs required. Had someone in mind who I thought would be great but he wants to add fees that I feel are unfair including $200 admin fee (on top of credit report fees) and mandatory 41.45 monthly for enrollment in their program which includes rental insurance and hvac filters, identity ins, and a few other little things.
I've managed to keep costs pretty low for my tenants but realize I've been cheating myself. one is buying. they were stable for 4 yrs. so would like to hand it over but cannot abide by these things. Also, I'm supposed to add mgr to my insurances which I don't think they will. Plus if he uses his maintenance staff for repairs, he adds charges "to market."
Spent lots of time getting a Virginia lease ready and want to back off the mgr but wondering if I should just go with it. Like to hear from DIY landlords and if its better to turn everything over to protect myself or if I'm overthinking it.