Posted by JohnG on May 17, 2000 at 15:39:44:
I knew them from a previous project.
I pay them 2900 a month plus free rent plus I pay their incidentals - i.e. phone, insurance, and the odd bonus.
They save me anywhere from 5-7K per month on an 87 unit townhouse project and all the units are filled.
It takes maybe 2 hours a week of my time as well as the occasional trip to the property - so it is quite manageable from a time point of view.
I am not advocating you self-manage anything; thats the first step to disaster and mental breakdown.
Rather I just refuse to hand over my property to a company that has no vested interest in the welfare of me or my tenants. They are not the kind of people I would entrust my money to.