Reply to WWYD: keep DC rowhouse in Shaw as investment?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I’d keep it but not use the management company.  [/b]They take a huge amount of the profit and some charge you for things like finding a handyman- which means profit you thought you have, You don’t. They list on Craig’s list just like you would. [/quote]

Disagree with this.  I rented a unit of mine without a mgt company and regret it.  First off, there’s a lot of work involved.  I think going through a mgt company means you get more normal tenants.  Tenants seem less likely to try and mess with someone with the backing of a company.  It shouldn’t work that way, but it does.  You’d be surprised how challenging having a rental can be.  [/quote]

Yes, a million times. Hire management company, worth every penny, but find a reliable one. Mine handles all communications with tenants, any repairs, any complains. She does 6-month inspections to check-up on the property.  She had a lot of good suggestions throughout renting process, a lot of additions on the rental agreement that I didn't think.

When my family was about to take off for vacation at the airport and i got a text that the house got flooded, she dropped everything and dealt with it. What would i do if i didn't have a manager? No idea. Get a property manager, especially if you have little kids. [/quote]

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