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I might be traveling out of the country for a year and would like to rent out my townhome. Could some experienced RE managers please help me figure out the cash flow?
Current rents are $1700/month in my neighborhood.
Current Monthly expenses
Mortgage --1133
HOA-- 197
RE taxes 170
TOTAL 1500
I would like to hire a manager but don't know what is a reasonable cost. Also, I realize that there may be repairs. Could I set up an escrow account that the manager could draw upon?
What other considerations should I know about?
Thanks for any help!
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