- $500,000 Purchase Price- $0 Down Payment- 4% Interest- 30 Year Amoritzation- 10 Year Balloon- Monthly payment: $2,387Since this deal was so good, with no money down, my acquisitions manager is getting 20% equity in this property.

As a property manager, I would wait until 7/1 to start the eviction process so you can check to see if they have vacated prior to spending the time and money to file an eviction.

-Long term holdMy rolodex isn't that great for trades (Plumber, Electrician, Roofer, Landscape, or Property Manager). I

Your understanding of the depreciation recapture process is almost correct, but there's a minor error in your calculation.When you buy a house for $300,000, with $100,000 attributed to the land value, you have $200,000 allocated to the building or improvement value.

Anyhow, your decision to use a property manager is heavily dependent upon your lifestyle and how much time you have.

My mortgage payments are currently $2,841.40/month and my property management fees are 4% (I'm striking a deal with a property manager I trust so I'm super thankful for them giving me such a low rate).

Many of us have our own personal set of attributes we look at, such as price per square foot.  

One of theirdifferentiating attributes is that they will work with you to determine how tobest handle your property.

ChungI would like to speak with you concerning your current setup and what the advantages of self managing compared to using a property manager. I

However when he retires and I need a new manager, is there someone who may work for 5% or flat rates when he needs to meet with me or tenants,  and be a part time manager as I have decribed above?