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Old 04-20-2015, 01:10 PM
 
Location: Southport
4,639 posts, read 4,778,931 times
Reputation: 3413

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Quote:
Originally Posted by USCRugbyNo1 View Post
Moving has nothing to do with it. Call a handy man to fix everything. What else is there to fix? HVAC?

You pay HOA to fix all the big exterior things. Just my 2 cents.
I was referencing doing it yourself, versus paying someone, which is what I thought you were talking about.
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Old 04-20-2015, 02:25 PM
 
4,539 posts, read 4,799,980 times
Reputation: 3481
Quote:
Originally Posted by USCRugbyNo1 View Post
Moving has nothing to do with it. Call a handy man to fix everything. What else is there to fix? HVAC?

You pay HOA to fix all the big exterior things. Just my 2 cents.
I have not been to my rental condo since Sept. I cant imagine paying 9% of my rent every month since Sept for nothing.
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Old 04-20-2015, 04:31 PM
 
Location: Charlotte, NC
4,760 posts, read 6,409,050 times
Reputation: 5237
Quote:
Originally Posted by SandyJet View Post
I have not been to my rental condo since Sept. I cant imagine paying 9% of my rent every month since Sept for nothing.

It's not just about the 9% management fee. Some people have absolutely no desire to deal with a rental. And others have no business dealing with a rental and will find themselves in a heap of trouble for breaking the law. It's actually quite easy to break the law in regards to a rental.
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Old 04-20-2015, 07:54 PM
 
119 posts, read 159,811 times
Reputation: 41
I think you covered it all Spankys :-). If I had the time and a good gauge of the polices then I would defiantly give it a shot on my own to save on the extra expenses, but I have a busy schedule with work and want' to reduce the liability, as I don't want to jump right in with being new and not fully understanding all of the laws, etc. Also, with the comments about it being a condo so why use a management company... if there is no issues and I have to pay the extra 9% each month then that would be still awesome for me :-). I am sure that won't always be the case though and don't want to corner myself in anyway. Anyways my 2 cents, as everyone has their own opinion, but I appreciate all of the feedback and advice. I may try to do it on my own down the line, as I start to understand the process better, but I don't yet.

SandyJet - From my understanding some management companies still charge a fee when the place is vacant and others don't...it depends on the management company. Not sure if anyone wants to add... as I'm not sure what approach is more common from the management companies? They also help market the home, so it might increase the chance of finding someone too.

Last edited by sixburgh90; 04-20-2015 at 08:04 PM..
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Old 04-20-2015, 09:40 PM
 
900 posts, read 1,396,234 times
Reputation: 380
Quote:
Originally Posted by spankys bbq View Post
It's not just about the 9% management fee. Some people have absolutely no desire to deal with a rental. And others have no business dealing with a rental and will find themselves in a heap of trouble for breaking the law. It's actually quite easy to break the law in regards to a rental.
Hire an agent to rent it out for you. Don't have them do property management. Problem solved.
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Old 04-21-2015, 05:49 AM
 
1,547 posts, read 2,169,517 times
Reputation: 1400
Quote:
Originally Posted by carolinadawg2 View Post
Depends on how far away the OP is moving, and how he values his time.
That is very poor advice. This person values his property and is concerned about property management commissions first and foremost. They seem to me that they can't afford a good property manager. Taking advice from this others on this thread is really what impresses me about people lacking common sense.
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Old 04-21-2015, 06:07 AM
 
Location: Charlotte, NC
4,760 posts, read 6,409,050 times
Reputation: 5237
I'd be worried about the commissions, too, and I'm in property management. It's not always a case of getting a better service because you've paid more. I'd want to know where that $100-150/month is going. As long as the mortgage, if any, is covered each month, the OP would have a totally hands-off situation and have the peace of mind knowing his property is being managed.
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Old 04-21-2015, 06:28 AM
 
Location: Southport
4,639 posts, read 4,778,931 times
Reputation: 3413
Quote:
Originally Posted by ClevelandMike View Post
That is very poor advice. This person values his property and is concerned about property management commissions first and foremost. They seem to me that they can't afford a good property manager. Taking advice from this others on this thread is really what impresses me about people lacking common sense.
I didn't give any advice, so I have no idea what you're talking about. In fact, none of your comments makes any sense in the context of what I wrote.
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Old 04-21-2015, 05:25 PM
 
119 posts, read 159,811 times
Reputation: 41
Quote:
Originally Posted by ClevelandMike View Post
That is very poor advice. This person values his property and is concerned about property management commissions first and foremost. They seem to me that they can't afford a good property manager. Taking advice from this others on this thread is really what impresses me about people lacking common sense.
What??? :-)

Not sure how asking others on here from the area if the know of any good property management companies and what the typical fees are is a bad thing. Also, not sure how that would mean I can't afford a good property manager:-). The most expensive property management company might be the worst or vice versa, but the fees sound to be fairly close in range between companies from my understanding.

I guess its the Pittsburgh/Cleveland rival :-)

Anyways, I like to research beforehand and gather reviews, experiences, etc. In my situation.. I need a property management company and I am trying to gather all of the info I can to help me make the best decision I can. I appreciate all of the feedback from everyone.

Last edited by sixburgh90; 04-21-2015 at 05:37 PM..
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