Hi,
I am new to the real estate investing world. I have been reading several books, following this forum, taken a community college course on the subject, looking at several properties and scouring the county’s property website resource.
I will be posting several questions here in the next several weeks to try to gain insight from those of you that have experience in this field. So, thanks in advance!
I would like to start with a single family home or a duplex (to use as a rental) and I am interested in having a property manager. I understand property managers typically charge 10% of the total rents received, but have a few questions.
- What exactly does the 10% get the investor?
- Will a property manager work with a small house that only brings in $800/month?
- Does the property manager deal with day to day repairs (the proverbial leaky toilet)?
- Does the investor have to advertise the rental at all?
Any other information I should know about property managers is greatly appreicated.
Thanks