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Pros & Cons of using a Property Manager?

Discussion in 'Off Topic' started by teflon97239, Feb 21, 2016.

  1. teflon97239

    teflon97239 Portland, OR Well-Known Member

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    I've never been a landlord, but if things go according to plan, I'll have an empty mid-century home in SW Portland to rent out in a year or so. I don't know squat about renting to others so I'm hesitant to dive in solo and make every mistake there is to make. Thus, I'm considering using the services of a property manager, at least for awhile. Got a lot to learn.

    - What do property managers typically do for a home owner? Some probably a lot, some maybe just a little?

    - Is there any one big advantage?

    - What might I expect to pay? A fixed monthly rate? A percentage of the rent?

    - What services should I insist upon? What should I avoid like the plague?

    - Any recommendations for my area?

    - Whatever else I don't even know enough to ask about...
     
    Last edited: Feb 23, 2016