Property Management alternative

[Matthew Swearingen]

My PM company I use takes first month rents and then 10%. I'm OOS investor. Is there a more cost efficient way of managing own property than paying a PM company? Currently I have paid them almost 3K/year. That's 3K that could have gone in my pocket.

[Carlos Ptriawan]

I agree with @Mike Adams above if the property is located 100 miles away.

But if I have 10 properties 1000 miles away I've no choice other than a good PM.

One thing is true though, a 100 miles property is much much easier to manage compared to a 1000 miles property.