Property managers for condos?

[Amy Scarborough]

So I know most condo's and townhomes charge a monthly Condo/HOA fee that covers only the exterior parts of the property. My question is if you were going to rent out your condo would you hire a property manager to handle everything else..(Ex. finding/screening a tenant, handling repairs, collecting rent/late fees) or would you just manage that part by yourself?

[James Rodgers]

It just depends how you want to run your business. If you have the margin for it in your monthly cash flow, most pm’s are going to be 10% of rent. Do you need to keep that 10% and manage it yourself? Or can you be more profitable/efficient hiring that out and focusing on other income producing activities?