I Saved $2,400 on Property Management Fees. It Cost Me $12,000.
Posted by Guest Blogger on
You know that feeling when you're convinced you can handle something yourself? That smug satisfaction of skipping the "middleman" and keeping more money in your pocket? Yeah, I had that feeling too. Spoiler alert: it didn't last long.
When I bought my first rental property in Scottsdale, the math seemed obvious. Property managers typically charge around 8-10% of monthly rent. My place rented for $2,000 a month, so we're talking roughly $200 monthly, or $2,400 a year. That's a decent chunk of change. I thought, how hard could this be? I'd save thousands and pocket the difference.
Turns out, very hard. And very expensive.
The $2,400 Decision That Haunts Me
Let me paint you a picture. It's 2 AM on a Tuesday. My phone buzzes. The tenant is…
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