Renting out my house to get started. Use a property Mgt. service?
My wife and I want to get started in real estate investing and we have little/no money to get started. We have been in our current home for 1 year and are now able to move out into a small apartment and rent our house. It's a nice house in a nice neighborhood...I think we can make $2-3oo over the payment. Is it a good idea to allow a property management company to handle things for us as we are just starting out? They want $400 to get started and 10% a month. I am working 2 jobs to maintain our current situation and have no personal time to commit to land lording as of yet and no experience. I would like to ask it anyone has dealt with the management company before but I suspect they are members on this site..? Any advice would be helpful, thanks