[Rick Lee]

I'm a long distance landlord. A neighbor there asked to become my prop. mgr. and wanted 8% of the rent, paid upfront quarterly. My rental is a condo with minimal maint. requirements. So for around $120 per month, he was going to be availiable to knock on the door and collect rent if need be, go check on the place, do periodic inspections and arrange repairs. I'm getting most of that for free because I have good tenants, am buddies with my (different) neighbor there and have a list of contractors and repair folks who work in the neighborhood. I don't see much value in prop. mgt. unless you have several properties and someone whose job it is to do the repairs and be the tenants' point of contact. Anyone you hire is still going to bill you for repairs they do or farm out to others.