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I pay my management company 10% plus $350 per new tenant (advertising, screening, credit check, etc). Repairs are extra obviously and come out of rent before they pay me (the management company collects and then pays me via direct deposit on the 3rd week of the month).
It will definitely be a while before real estate values go up, but in the meantime I think it's a strong rental market. A lot of the people foreclosing are just renting in the same neighborhood.
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