Anything 10 years old that has not had the AC, water heater, and roof replaced is just a money pit waiting to happen. Flooring and interior fittings are at a point that they need attention too. Any included appliances are old. Looking at homes built after..
1 Percentage of monthly rent: If you choose to employ a property management company on a full-service basis, you'll most likely be charged a percentage of the monthly rent on your property.2  This can range anywhere from 5-15%, with 8-10% being common.3  Under this fee structure, if your unit isn't rented, you don't pay. Percentage of monthly rent: If you choose to employ a property management company on a full-service basis, you'll most likely be charged a percentage of the monthly rent on your property.
Obviously, to start out, you'd take the expected rental rate of your unit, (this will vary from property to property and will be determined by your unit's size, floor, view and location in the building). Multiply the rent by 365 days, and then multiply that by your expected occupancy, i.e. .65 for 65%. This will give you your gross revenue. Next, you must reduce this total by whatever share the management fee will be. Typically, this ranges from 40%-55% of the gross revenue, but this varies from property to property.