All Forum Posts by: Michael Mcdaniel

@Lisa Doud
I wish I could but I have moved out of state and I am trying to find a consistent person so I can give my family members a break. This is a not a profit maker but I cant afford to lose too much in the process because I am not making a profit. Thanks for your input

I am possibly in the market for a property manager in the Suffolk, VA area. I have received a couple of quotes and they vary in price as far as monthly fees, maitenence cost, marketing etc. I have visited sites, and I have spoken with a couple of managers and each one's price and initial fees are remarkably different than the other. Could any property onwers/managers give me any advice on the normal fees for a property manager. Thanks

@bryanneal

I appreciate your input. I will continue to follow up with Zillow and I am earnestly considering a PM. Thanks again.

Thanks Jassem, Elizabeth, and Lisa for the comments. The rental is very comparable to other rentals in the area. I have received a couple of responses and I responded as soon as I received them. The neighborhood is in the Burbage Grant area, so I think it is a decent area. I am not trying to make a profit, i just don't want to continue to come out of my pocket for the mortgage. If I hired a property manager, I think I will be paying at least $200 per month in addition to the monthly rental fee. I appreciate your responses.

I am new to rental property. I recently moved from Suffolk, VA and I am renting my house in Suffolk, VA. I have posted the property on Zillow, Craigslist, Local Housing Authority, and Military for sale by Owner and others. It has been 3 weeks , and I have not received much feedback. I need to get a tenant soon because this is eating up my pockets. I want to know do rental property managers market properties on their sites, for a fee, even if they will not be the manager? Or, is it possible to find a good property manager for 5% of the total cost of the monthly rental in Suffolk, VA?

Hello everyone. I recently moved to SC for work, but I have a home in Suffolk, VA. I want to rent it out but I am not sure where to start. I am trying to find information on how to list my home, screen tenants and drafting a lease agreement. I want to attract the best possible tenants, so I have painted, laid new carpet, and new bathroom light fixtures, but I am curious when upgrades becomes non profitable. Based on the market, I can't afford a property manager so I will be my own property manager. is this is a good start? Any information provided is helpful. Thanks Michael and landlord newbie!!!