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by AjithAntony 3843 days ago
> property management company is so cheap

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.