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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Doughboy who wrote (23419)	8/20/2004 8:55:05 AM
From: Jill	Read Replies (1) \| Respond to of 306849

That seems high. I looked at one condo complex in Santa Fe, though, that had the same crazy management fees--40%. How you could make a profit on that as an investment property, impossible. And they took those fees even if you rented it out yourself. The usual fee seems to be around 10% but you can often negotiate it down. Plus with the internet, many more investor/owners are renting out that way. I asked the real estate agent who was working with me if she'd manage something off the books for me, which would have probably cut the fee to about 4-5%, and she agreed. However, I haven't bought the property at this point. There are ways around it...