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by terrble
3836 days ago
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> Specifically designed with small residential property owners in mind. I think this is a mistake. As a small residential property owner, a property management company is so cheap I feel using one is totally worth it. I suspect it might be wiser to target small property management companies. Or even better, uber for property management. |
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5-10% of gross scheduled rents is cheap? Maybe if your market allows you to collect a huge amount of surplus, then that could be true. I would expect a large portion of small property owners became accidental landlords when they ended up with an extra house, and are just hoping to break even on the cash flow, and banking on equity accumulation and capital appreciation to make the whole enterprise worthwhile. Paying a property manager puts that at risk.