House Hacking Reserves - Analyze for PM or No?
Hi all,
I'm analyzing for 28% reserves (4/7/7/10 Vacancy/Repairs/CapEx/Prop. Mgmt) and am having a lot of trouble finding viable deals.
I recently added the 10% Property Management expense to my analyses, and once viable deals are now being completely gutted by the extra 10%.
For the HouseHackers and successful investors out there, do you analyze for a 10% PM fee? Do you self-manage and ignore the 10% in your analyses? How do you work around the additional 10% when working for viable deals?