The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tradelite who wrote (23355)	8/18/2004 12:26:02 AM
From: Doughboy	Read Replies (3) of 306849

Well, rather than get into this whole real estate agent debate again, I'd like to shine the spotlight on another scum of the earth--the real estate property manager. As far as I can tell with the experiences I've had in properties they manage for me, they -- 1. sit on their butts 2. incur useless repair costs while lining the pockets of their favorite vendor (and receiving a kickback?) 3. collect 15%-25% of rent for their non-efforts. I actually found the renters on my own for the last two vacancies and the property manager still charged me the 1.5 month's rent for the finder's fee because the property was under their contract at the time. Also I've been delving into rental property in ski areas and I have found on-site management will take up to 45% of the income!! It makes the whole investment uneconomic (not that $1.25 million for a two-bedroom was a good starting point for an investment in the first place, but I have no one to blame for that but myself). Has anyone had a good experience with a property manager? In Vail? Doughboy.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next