PM for Sec. 8 Prop. Pay?

Question

How do you handle paying a property manager on a property that is rented to a Sec. 8 tenant? Example; I have a Single family rented at 800$ a month. 675$ is mailed to me from the county. Mangers are charging 8-10% of gross collected rents here. I do not feel like I need to pay them 80$ a month for picking up 125$. I know there is more than just picking up rents involved, but I want a simple agreement of mailing me the rent and handling minor repairs. I do not need them to pay my taxes and everything else like some companies offer. Any Suggestions?

Josh Green · Answer

maybe they would be more motivated if you cut them a break for depositing?

ie, if the rent is in the account by the 3rd, you give a $25 discount?

you would still be saving $55 a month

Michael R. · Answer

I was considering doing something like that. I was going to give them pre-addressed and stamped envelopes and have them mail me the difference each month. I might try that. I do not think they would deposit it for me as they are not that motivated (lazy) They stay home all day anyway so its not the part of acually mailing the money to me, just getting the money in the envelope. The person I had bought the house from had been picking up the check for me each month but our contract has been coming due. Tenants are excellent, just dont know if they are that disciplined. Thanks for the Suggestion Josh

Michael R. · Answer

knew someone would say that. I am 6 hours away though so kind of hard

Josh Green · Answer

do it yourself

Josh Green · Answer

LOL, well you should have said so!!!

do you know anyone locally there? better yet, why don't you have your tenants deposit it directly into your bank account?

as far as the repairs, i'd get together with a local handyman that you can call when needed.