rental with high property management fees?

[Valerie Bailey]

Hello all, my wife and I came across a property that is asking $174K and brings in gross rental of over $31K. per year. The caveat is that the resort only uses in-house property management and their fee is 35%. Is this a deal breaker? Thank you!

[Richard Ibeh]

@Valerie Bailey ask what the fee entails - 35% is high but depends how much they are doing for that 35% and what you are responsible for. Personally try to stay away from resort condos that don't allow outside managers.