Property Management Questions-New Jersey

[James Leake]

Hey Guys, I am doing some research on what everyone thinks about hiring a property manager. Any help would be much appreciated. Please see questions below: Do you currently manage yourself or do you hire out? What do you look for in your manager? What do you expect from your manager? How often would you like to communicate with your manager? When do you expect your rent from your manager? How much do you keep in reserve for manager can use in case of emergencies? How much percent would you pay? Would you pay the one month commission for every apartment rented in addition to percentage? Would you pay a renewal fee for every time they renew and retain tenants? If so how much would you pay per renewal? Thank you guys all help would be much appreciated. Remember I'm in NJ and would like this research to reflect that!!! James L