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Message
re: Being a Landlord
Posted on 8/2/22 at 3:24 pm to meansonny
Posted on 8/2/22 at 3:24 pm to meansonny
quote:
What does a property management company grab on one property?
Around 8-10% month gross rent, and anywhere from 50-100% (usually on the higher end) of first month's rent from those I know that deal with it. Can get very pricy if you have a decent turnover rate.
1
Posted on 8/2/22 at 4:57 pm to MrJimBeam
quote:
Around 8-10% month gross rent, and anywhere from 50-100% (usually on the higher end) of first month's rent from those I know that deal with it. Can get very pricy if you have a decent turnover rate.
If they are providing the new tenant, it sounds like they are earning the money.
If it is 100% first month's rent and I am finding the tenant, I can see how that would be considered a bad deal.
America is going the way of Europe. Land is only going to get more expensive and rents are going to run right along with inflation. It almost seems foolish to dump real estate when it is no longer personally useful and be exclusively in the stock market.
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