Experience with nomadlease

[Bob Mai]

Anybody have experience with nomadlease for property management? They charge 4% which is less than the 10% for most property management companies. On the flip side, the local property managers will be closer, have local handymen etch

Please also chime in with recommendations for other online property management companies. I think evolve is another one but I think it's more geared towards Airbnbs vs long term rentals.

Thanks!

[Michael Smythe]

@Bob Mai wow, interesting how biased your post is.

Their 4% is only if you PREPAY their fees for 12 months, otherwise 6% monthly.

They have a minimum of $75/month, which means if your property rents for less than ($75/6%) $1250/month, you will pay more than 6%.

They use Latchel for maintenance issues - Latchel is not cheap and there's a kickback in there somewhere.

There's a list of extra fees for extra services and there's a lot they do not handle.

You get what you pay for, so good luck.