Leasing and Managing Condo Property

will could you elaborate in what you mean by managing the property. If you have a full service condo and if you are paying monthly common charges why pay a management company? Maybe I'm missing something here.

Good point, Spunky. Long ago and far away, I lived in a place and had the opportunity to utilize the services of a property managment company that would handle all leasing, landlord-tenant issues, ensure repairs were done (except certain major items and replacement of things), collect rent, etc. I recall the fee was 10% of rent and basically you owned the property but need not have any contact except for major issues (like the ac needing replacing or a new refrigerator). The mgt. company would then in turn cut and send a check to me each month, and I didn't have to deal with anything on a regular basis.

I think what spunky is saying is:
If it's new construction, I would guess that a high percentage of what you requested is already taken care of in a doorman building. 10% seems like a high price to pay to collect rent checks and to call the super.

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