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Updated over 13 years ago on . Most recent reply

Jeff N.'s profile image
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Jeff N.
  • SFR Investor
  • from Virginia Beach, Virginia
  • Member since Dec 3, 2010
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Jeff N.'s profile image
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Jeff N.
  • SFR Investor
  • from Virginia Beach, Virginia
  • Member since Dec 3, 2010
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Jeff N.
  • SFR Investor
  • Virginia Beach, VA
36
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150
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General Landlording & Rental Properties

What are you paying in PM fees?

Jeff N.
  • SFR Investor
  • Virginia Beach, VA
Posted

I have a few rentals that I use a PM due to the location. Here's my breakdown:

50% 1 month rent for new lease.
25% 1 month rent for lease renewal.
5% monthly fee.

I'm curious to know how much you pay and how good of a job they are doing for you.

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Bryan Hancock's profile image
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Bryan Hancock
  • #4 Off Topic Contributor
  • Investor
  • from Round Rock, Texas
  • Member since May 28, 2010
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Bryan Hancock's profile image
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Bryan Hancock
  • #4 Off Topic Contributor
  • Investor
  • from Round Rock, Texas
  • Member since May 28, 2010
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

Well that explains it ;-)

When I have looked at the CS market 1 bedrooms tend to rent very easily if they are anywhere close to campus. You probably shouldn't be paying a premium to lease these. You can likely hang a shingle and get tenants on your own.

Do you own units in other areas as well or is this just for CS?

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