Property Management Why buying cheap rental units will turn you into a slumlord (advice for new investors) Let's say you buy a apartment house in a marginal neighborhood for, say, (all examples.
The cheap property manager can make this work, but it comes at the Value Gap: You get what you pay for, which often means a quality.
Cheap Equals Cheap. Published on: Monday, May 2nd, The allure of investment properties is this: buy an investment property with little or no money down. Too often, a cheap property management company comes with too many gaps, when compared to a more reputable and marginally higher-priced firm — gaps related to cost, quality and value. Granted I live in Canada in a city with a growing real estate market. We may have financial relationships with some of the companies mentioned on this website. Google Earth: The World at Your Fingertips. What is your opinion on buying rental property out of state? You point out all the problems of which few I have ever experienced to the degree you have mentioned.