Student Rental - Property Management Rates

[Michele Harrington]

Hi BP Folks! 

Looking into investing in student rentals approximately 2 hr. drive from me. Would like to scope out what I should I expect as a reasonable rate for having a third party property management company handle the property? Anyone have experience with this, property of interest is rented by the room and there are 5 bedrooms, home is in decent shape maintenance wise and there's a backyard with grass requiring attention during warmer months & off street parking which will require attention during winter months.

Looking forward to your input..