Property Manager · Denver, CO · Member since 2016 · 107 posts · 43 votes
You guys who own rentals in Denver - at what price point would you pay a Property Manager to vet a place a tenant rather than going to the trouble yourself? I'm referring to a placement only service - after lease is signed, management responsibilities revert to you. I'm seeing a lot of companies charging 50-100% of the first month's rent.
Rental Property Investor · Golden, CO · Member since 2014 · 136 posts · 65 votes
10y
I wouldn't be inclined to use the service until I have so many properties that I'm starting to outsource PM anyway. Say, more than 10 properties and I expect that it would be worth my time. Otherwise, giving up hundreds in the first months rent is not appealing to me. just my two cents...
Rental Property Investor · Golden, CO · Member since 2014 · 136 posts · 65 votes
10y
I wouldn't be inclined to use the service until I have so many properties that I'm starting to outsource PM anyway. Say, more than 10 properties and I expect that it would be worth my time. Otherwise, giving up hundreds in the first months rent is not appealing to me. just my two cents...
Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
10y
@Tyler Howell tenant selection is the most critical component of residential rental properties. A bad tenant can really derail your investing program. Just curious why you want to outsource this?