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Moving to another town and renting out our current house
Posted on 4/14/14 at 9:29 am
Posted on 4/14/14 at 9:29 am
The wife and I are thinking about leaving Houston, but we have a condo here that we'd rather not sell (thinking of maybe collecting rental properties as we hop from place to place for the rest of our lives)
If we go through a management company to take care of the rental details, what kind of cut can we expect them to take?
If we go through a management company to take care of the rental details, what kind of cut can we expect them to take?
5
Posted on 4/14/14 at 9:36 am to baytiger
where in Houston? i have a buddy looking for a place right now.
Posted on 4/14/14 at 9:47 am to baytiger
quote:
what kind of cut can we expect them to take?
There is no way to answer this question with the few details you have provided.
Call a property management company that deals with rentals in your area and ask.
Posted on 4/14/14 at 10:28 am to baytiger
I'm not in the Houston market, but the most common number I hear on the east coast is 10% + entire first month's rent (if the company is handling the tenant screening/application process). This is, of course, negotiable
Posted on 4/14/14 at 3:49 pm to baytiger
ill rent from you bay. Screw the management company. I have been living in a rv with my girlfriend for a few months since my downtown apartment was sold to a hotel.
Posted on 4/14/14 at 3:59 pm to baytiger
With the company we use, in BR it's 70% first month's rent. They handle all the find the tenant stuff, lease, showing house, background check, etc. Then when the lease is signed and tenant moves in they hand it over to us. But that's just what we're doing now since we only live 3 hours away. If we lived further away then we'd likely set something up where they handle the whole thing.
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