are houses a good investment if you have the money and a property manager?

Answer 1

Personally, I'd suggest you manage your own property, unless you have a good manager. Too often, they think their job is to rent the property and not manage it for your profit. They can let in less than desirable tenants.

If you manage it, you can pay yourself the 10% you'd have to pay him.

I have several rentals, and where I am at they are not a great generator of income, but they do pay for themselves and the tenant pays the mortgage for you. In other words, they buy the house for me. WHAT A GIFT!

As far as I am concerned, they are a legal way to print money.

May I suggest you read "The Millionaire Landlord" by Shemmin. You can't do everything the way he suggests, but I have adapted much of the book to fit my management style and restrictions.

Go to Amazon and search for books on real estate, rentals and investments in them. For a few dollars you can get a great education.

Good Luck

Answer 2

Depends on your cost basis for the property / and what your postive cash flow is after you pay the property manaement co.

Housebuz