Prop Manager: $2k in rent (Would they work for me?)
Hello,
I am looking at lower-end properties out of state. I would need a property manager to make it work. I'm looking at properties that are worth around $100k-$150k that will rent roll at about $1600-2200. At 8-12% of the monthly rent roll, that would net them a max of $264 per month. I'm not sure if I'm way off here- but do you folks think the property manager wouldn't be doing much work for me at $264/month?
Want to ensure if I set this up, I have the out of support I need to find success. Any and all opinions are greatly appreciated. Thank you in advance!