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vlocci 07-12-2007 01:41 PM

rental property management
 
I'm about to relocate for work, leaving two 2-family houses behind.

Both are currently rental properties, which I have managed myself with good success.

Can anyone offer and insight into finding a property management company, the associated costs, the typical responsibilities, etc.

If it matters, I'm in the Boston area.

Vin

craigster59 07-12-2007 02:17 PM

I have rental property here that my Wife and myself manage ( my role is Schneiderman from "One Day At A Time"). We've looked into property managment companies which usually charge 10% of rental charges and take care of credit checks, evictions and maintanance. Of course all charges associated with these are the responsibility of the property owner.

In Calif. a lot of real estate offices have a property management division, you might want to check w/ realtors in your area. You'll see some profits go down, but at least you can write it off against your rental income.


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