Considering renting my condo in BR, need advice

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in BR,
near campus
do not want to be bothered with being the hands on landlord

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looking for any advice.

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Sell it

Expect to pay 10-20% for a mgmt company.


You’d likely cash flow positive without a note.


Your post doesn’t leave much in terms of specific questions so I’ll ask what research have you done about renting. Do you know what market rate is for your building/area?

The thing about mgmt companies is you don’t usually get to tell them how much they charge…

Honestly it sounds like you haven’t given this much thought. How much cash do you have saved for major repairs? If the ac goes out and needs to be replaced it’s on you not the tenant.

You also need to check your insurance policy to see if they will cover the dwelling if you aren’t the one living in it.


As far as recs go, I’m not your guy for that as I haven’t lived in br in about 10 years.

I am a cpa and have a bunch of clients with rentals of all kinds. The ones who get burned are the ones who don’t do their homework and don’t know what they are walking into.

How much is your condo association dues? How much are other rental units in your complex leasing for? Whats your insurance and property tax costs? All of these are important to see how much room you have to pay a management company and set aside money for maintenance and having to occasionally replace a dishwasher, water heater, AC unit, flooring, etc…while still having a little bit of profit leftover. Having to pay a management company 15% of the monthly rent can easily eat up most of what you’d have had leftover after expenses.

At least with a condo, there’s less maintenance you’re directly responsible for since all of the exterior stuff falls on the HOA. But…if its a poorly run HOA, that can make your life difficult too

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Own a condo very near campus. I own it outright. I do not want to be bothered with being the hands on landlord as I live out of town. I know nothing about looking into a management company and am looking for any advice

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I’ve used property management services in a few states. Have mostly positive things to say about them, but some are better than others. I don’t know the percentage they charge, but it’s fairly cheap IMO. Have no recommendations for BRLA. No way do they take 20% of the rent. In most cases I’m pretty sure the rents are between $2,500 to $3,500 and they keep less than $300.

Surprised that no one has provided a property management company.