All Forum Posts by: Noah Stang

Hello All,

I have been interested in Investing in RE for quite some time now and after lots of research, I am about to close on a rental property in Grand Rapids, MI. It is a single-family property but will likely be rented to college students to generate some cash flow. The idea is to eventually do some remodeling and sell to a family as the area grows (6+% a year). I have been looking for property managers as I am not in the immediate area, but have struggled to find those that are highly recommended that still keep turnover costs reasonable (some 65%+ of first months rent) and maintenance-related fees reasonable as I expect mostly 1 year, college tenants.  

Does anybody have recommendations or an "average" cut of first months rent or fee list to benchmark against?

I appreciate your feedback, recommendations and ideas!

Noah