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A comment on Show HN: Should you buy a house and rent it out?. Parent comment

Re:Show HN: Should you buy a house and rent it out? by taurath on Saturday April 20, 2019 @04:07AM (#19705374)
Usually it puts you under breaking even, esp if you just bought the place. Usually 8-12% according to google. Good for a property with a below market mortgage you don’t want to worry about but don’t want to sell.
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Re:Show HN: Should you buy a house and rent it out? by m-i-l on Saturday April 20, 2019 @04:22AM (#19705411)
Nearer 10-15% in the UK. If you manage to find a good one they're definitely worth it, but the problem is, at least in my experience, the majority aren't.
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Re:Show HN: Should you buy a house and rent it out? by retiredcoder on Saturday April 20, 2019 @08:22AM (#19706147)
Classical agent-principal problem.
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Re:Show HN: Should you buy a house and rent it out? by nkozyra on Saturday April 20, 2019 @08:33AM (#19706196)
Anecdotally we make ~ $500/mo after property management costs, but it isn't 100% hands-off. They are a middleman which means they bother us instead of the tenant.

I don't want to belittle the $500, but if we had good tenants and dealt with them directly we'd be getting double that.

Now is an extra grand a month worth the hassle with GOOD tenants? Maybe. But all it takes is one bad one to be in the hole and full of stress.

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Re:Show HN: Should you buy a house and rent it out? by sizzle on Saturday April 20, 2019 @12:03PM (#19707228)
Wow how are you making $1k over mortgage, is the market and location that hot?
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Re:Show HN: Should you buy a house and rent it out? by nkozyra on Sunday April 21, 2019 @07:49AM (#19711652)
We aren't because of the property management fees, but we could. We bought at absolute rock bottom in 2010.
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Re:Show HN: Should you buy a house and rent it out? by sizzle on Sunday April 21, 2019 @03:54PM (#19714177)
Sounds like a great investment, I'm paying several hundred a month unfortunately cause my market got cold. Might sell the property for a small profit if it keeps burning a hole in my pocket.
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Re:Show HN: Should you buy a house and rent it out? by lukevdp on Saturday April 20, 2019 @04:30AM (#19705425)
In Australia it’s 6-8%
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Re:Show HN: Should you buy a house and rent it out? by verbify on Saturday April 20, 2019 @06:06AM (#19705681)
There are two kinds of contracts with property managers - one kind that only find tenants, and another that manages everything (e.g. if the boiler breaks they get a plumber).

Which kind are you talking about? I'd be surprised if the discrepancy between countries was as large as 6% to 15% for the same contract.

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Re:Show HN: Should you buy a house and rent it out? by lukevdp on Saturday April 20, 2019 @09:52PM (#19710090)
The 6-8% is for the ongoing maintenance and routine inspections. Usually leasing the property is 1 week's rent, however sometimes that is included in the management fee as well.
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