Property Management - What to expect?

[Carlos C.]

Hi Everyone!

So, I have this 4plex, and since I'm 2 hours away, I agreed to pay the person that sold me the unit a 10% for him to manage the property. So far it's been good but sometimes I feel I'm too involved in all day-to-day decisions and issues. I was under the impression that if I paid someone to manage it, it would be like having the property on auto-pilot.

Were my exceptions wrong? To be honest it was more of a verbal agreement so we never went into specifics, and since it was my first time getting a property manager, I didn't know what to ask.

I guess I'm interested in know what other people get for a management service.

Thanks everyone!