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Updated almost 9 years ago,

User Stats

151
Posts
71
Votes
Michael Campbell
  • Flipper/Rehabber
  • Philadelphia, PA
71
Votes |
151
Posts

Using a Property Manager But Finding My Own Tenants?

Michael Campbell
  • Flipper/Rehabber
  • Philadelphia, PA
Posted

Hello BP,

Just wanted to see what people thought of this... I like the idea of using a property manager - I really don't have much interest in dealing with tenants, collecting rent, scheduling maintenance people, etc. so I've decided that it's worth it for me to pay a property manager 8% of the rent to handle these things for me.  However, I do have an issue with the fee of 1-month's rent for placing a tenant.  I talked to the PM company and they said they do not recommended going in this direction, but it is still allowed.  

Just wanted to see if anyone has done this and what is your experience?  Would the property manager look at my situation any differently since I'd like to find my own tenants?

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