[quote=spdrun]It’s a farkin’ 1/1 condo. How much “management” is actually needed, other than finding tenants? As far as basic maintenance, either find a tenant who’s somewhat handy, or put a clause in the lease that all repairs < $300 are on the tenant. (i.e. the if-the-toilet-is-plugged-plunge-it-yourself rule).
Added benefit is that a management company is required to withhold an excessive amount of taxes in CA, whereas a tenant could just mail checks directly to you out of state. (And yes, you're still expected to pay taxes, but better to PAY than give the pigs in Suckremental a free loan for 12 months.)[/quote]
It's not a free loan for 12 months. And it is not excessive. If you object to paying CA income tax, don't buy in California. No withholding is required by property managers for Ca residents, only non-residents. And the withholding is based on the amount distributed to the property owner, not based on the gross rents collected. Waivers from the withholding requirement are easily obtained for non-resident owners who agree to pay CA tax.
