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7% of rental rate

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13y ago

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That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed). And I also agree with the advice given below. A competent and successful property manager will get vacancies filled. In a slow market, it's natural for a home to sit vacant for a few weeks, but the property manager should be doing everything in his/her power to get that home rented - including aggressive marketing. the landlord of course, but the landlord may need to start looking for a more reliable property management company.


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