Is a property manager worth 8-10%

[Michael Lauther]

Exacrtly What services should I expect fo get for the 8-!0% a good property manager gets?

[Mark Anderson]

I have a couple of rentals with one property manager and a couple with another. There are pros and cons to using a PM but I've used a PM for the last five years and have generally been pleased.

One thing no one has mentioned...and this is the biggest reason I use a PM...is I don't have the right personality to be a good PM myself. If a tenant called me and said his dog died, his wife is sick and he lost his job, I would be overly lenient and just might tell him to catch up on the rent next month. I think I'm just too nice. In the long run, that would bite me in the butt.

I know one PM who keeps a gun in his desk, a gun in his truck and another on his hip. That's just not me.