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Updated almost 8 years ago on . Most recent reply
Out of State Rental is Property Management worth it
Hey BP!
I have a rental property in CA and am currently a Real Estate agent in OH. I've got one key question for you all. Is having a property manager worth it?
Pros
- I'm out of the state
- They do a good job in keeping records
- They find renters
-Any small repairs I don't even hear about
Cons
-$$$
The property management company I have has a 10% fee. My property currently rents for 1250, thus they take $125.00 every month. This is pure cash flow that I am missing out on. Is it worth it? The real question is risk. I could get perfect tenants in there and managing the property would be beautiful. But if I have tenants that are awful, the stress wouldn't even have any comparison. What are your thoughts? Thank you!
- Austin Steed
Most Popular Reply
@Austin Steed - We have a local rental and use a PM. Completely worth it. Just the cost of doing business.