Out of State Rental is Property Management worth it

[Austin Steed]

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!