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> Seems strange. Surely a management company would happily handle all that hassle and provide a secondary income stream. unfortunately management companies req
by sigstoat 7y ago
> Seems strange. Surely a management company would happily handle all that hassle and provide a secondary income stream.
unfortunately management companies require managing themselves. even if you find a good one, they won't necessarily stay good, so you're firing them, getting new ones, etc.
and i've never heard of one that will let you hand them a property, and then eat all of the risk for you and provide a simple de-risked income stream. even if they'll do a good job of handling 100% of maintenance tasks, they're still going to send you the bills.
- rckoepke 7y agoSounds like a new business plan for a new market.
- sigstoat 7y agonothing about property management or property management in SF is "new". anybody who can afford to de-risk a real estate income stream can afford to just buy real estate themselves, they don't need yours. there's no market here.