Do you self-manage?

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

If the property is good, fire their property management.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

The project was managed by one of my property managers for a 10% fee.Leasing and Property ManagementWith renovations complete, the property was ready to be leased.

I plan to negotiate the rent and I want to present my proposal to show how I’ll manage the property responsibly.

Would that be a property manager?

If it's a horrible, very high crime area (and that is also relative) and you will never manage any part, in that instance I say run.

We own and manage two and one is particularly difficult during the shoulder (slow) seasons.

Some other banks will tell you 40% to manage your expectations but if you have a good credit and a the deal makes sense, the down payment shouldn't be above 30%.As to the managing of properties, if you can self-manage out-of-state in the US, there are no reasons as to why you couldn't do it internationally too and some investors do.