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My family has owned several rental properties over the years, and never managed them directly. I rented out my condo while living in China (not much chance for self-management there :) and now own a triplex out of state (we live in SF Bay Area - local prices on multires property out of our league) which has done well with a local manager. The key is to get a property manager who has a clue and knows that you may do more business with them if they don't screw up.

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