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Jbo · 07-06-2011, 10:40 AM

I know there are some threads on Property Management, but none seem to be updated recently.

I was looking at one property management company that wanted 400 bucks as an inital fee, 400 once a tenant is in, and an additional 10% per month...that seems really really high. I have also heard stories where they have done repairs and hit the owner with $1,000 bill out of nowhere.

Having tried to rent it out myself using rentfaster.ca...I just do not have the time for it. You place ad, get phone calls and emails at all times. Have to respond, show the unit, do a application, screen the application, all while being bothered constantly.

Never had experience with any of this and feeling out of my depth. I'm almost at the point where I just want to sell...but I'm stuck between taking a loss on the condo...or renting it out and hoping the housing market may slowly recover.

07-06-2011, 10:40 AM	#7
Jbo NOT a cool kid Join Date: Sep 2009 Location: Calgary Exp:	I know there are some threads on Property Management, but none seem to be updated recently. I was looking at one property management company that wanted 400 bucks as an inital fee, 400 once a tenant is in, and an additional 10% per month...that seems really really high. I have also heard stories where they have done repairs and hit the owner with $1,000 bill out of nowhere. Having tried to rent it out myself using rentfaster.ca...I just do not have the time for it. You place ad, get phone calls and emails at all times. Have to respond, show the unit, do a application, screen the application, all while being bothered constantly. Never had experience with any of this and feeling out of my depth. I'm almost at the point where I just want to sell...but I'm stuck between taking a loss on the condo...or renting it out and hoping the housing market may slowly recover.