property management for one duplex-cost effective?

[Terry Hoefer]

With the buy/flip market is so tight in our area (Waukesha County), We recently decided to change our investment goal for the time being. Buy and hold, single unit duplex for income stream. while we postpone our desire to fix/flip for a better market cycle.  As we will not be occupying. and have no experience as landlords, we are wondering if it would be cost effective to use a property manager. Although we are looking within our area, we see a benefit to having someone else do screening, collections, etc. How much can we expect to pay for our. thus far, miniscule investment property portfolio? Any advice?