Quote:
Originally Posted by Dominicwasalreadytaken
Yeah, I've been looking at Edmonton, but the tough thing is being able to manage the property. I don't know what property managers charge, but I'd have to think it would eat up that positive cash flow.
Brooks is actually a place that a lot of investors are looking at right now.
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Haven't looked into Brooks, but you have to be sure that the area is good for investing in, do your homework on the economy, not just hearsay.
We're looking at property managers in Lethbridge right now and they're at about 8%, and I think I spoke with one in Edmonton that charged 9%.
Thing about using a proprety manager, it makes you look at it more like a business and forces you to run the numbers and get good properties that cashflow
