Quote:
Originally Posted by DoubleF
I was going to self manage a rental property, but instead I went with a condo management company who collects a percentage of the rents collected (taking way too big of a bath on the value of condo to sell right away).
I consider it like car insurance. Yeah, it's money out of my pocket until something happens (if it even happens), then I'll be so glad, because having the guy dedicated to deal with the stuff for me would be worth several years fees and perhaps more.
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Probably half the new condo rentals on the market right now, I would sell the condo if I wasn't so underwater on mine as well.
I am self managing it however and so far so good, but anything can happen...