- — What you get
- Duty – repairs. Better provide your own trusted handymen, or you may have to rely on the agent.
- Duty – collect rent check
- Duty – manage vacancy. There’s incentive in the form of commission payable by tenant
- — What you pay: Mgmt Fees Typically 6-10% of rental receipt, according to Wallace Xu. You can hire an agent even if you live locally, but most local landlord apparently choose to be his own agent.
- Must Sign mgmt contract