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Reply to "Should I sell my house or rent it out?"
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[quote=Anonymous]Kind of funny how some people think that your problems all of a sudden go away when you hire a property management company. I'm assuming that they don't own rental properties or maybe they rent out a condo. Yes, your problems tend to be minimized, but one of your new problems will be all of the money you are pissing away. They will likely charge a couple grand to find you a renter. Then you are paying 10% every month. And every time something breaks, the property manager just calls a handyman who likely does crappy work and you get to pay for it. And when you turn over the house, expect to pay someone to repaint the house, replace flooring, fix stuff, etc. Trust me, it can easily be 3+ weeks of work if someone is doing the work themselves. The manager also won't know anything about specific issues for your house because he/she is managing dozens of houses. In the DC market, you could easily be in the hole $500 every month, possibly more.[/quote]
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