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Updated 11 days ago, 11/18/2024

User Stats

9
Posts
4
Votes
Patricia Via
  • richmond, va
4
Votes |
9
Posts

should I manage alone or property manager?

Patricia Via
  • richmond, va
Posted

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.

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