Property Management with a Townhouse?

[Brandon Boogren]

Hello! I am considering purchasing a townhouse as a rental investment property. All townhouses in my area have HOA fees each month. My question is this:

How much can I rely on the HOA (it says it includes professional property management) to "manage" my property? 

When purchasing a townhouse with HOAs as an investment property, do people still hire a property management company? 

Hiring a property management company seems like it costs a decent amount of money (10-11%) so ideally, I'd like to not have that expense. Thoughts? 

[Julie Hartman]

I'm sure someone else will weigh in here that knows more but unless they say otherwise, most HOA "property management" is for the property complex (landscaping, snow removal, sometimes roofing and siding maintenance, trash removal, sometimes water/sewer, amenities like a pool or weight room). They aren't typically talking about property management of individual units for their owners. Is that what you mean? Most property management is roughly 10% of the monthly rent and on top of that you may have a % of the first months rent to secure a tenant. I hope that helps.