General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Property Manager or not ... That is the question
So my husband and I are closing on our first 2 family home in a few weeks in Poughkeepsie, NY. We are trying to get all our ducks in order and are trying to decide if we should use a property manager or one of these websites (rentaluation or cozy.co).
My husband and I both work full time jobs. I am current home on maternity leave and will be home till August. Also the area we are looking to invest in is about 70 miles away from our home. So we can't get there very quickly if we needed too.
Now in our research we have found a property manager charges an 8-10% fee from the collected rent. They help with getting tenants, background checks, collecting rent, getting handy men if needed, and checking on the property once a month. What I have noticed is many of these sites do almost the same thing at a lot lower of a cost.
So what are your recommendation? Property manager or a site?
Thanks