Hello all. I plan on making a rental purchase within the next 2 months. As I don't want a negative cashflow property, I've visited a few multiplexes in a town about 2 hours out of the GTA. Of course I won't be able to manage it given the distance so I've interviewed 4 property management companies.
I have another investment property in a different city (single family) and I've used 3 management companies in one way or another. They had good knowledge but the level of service was not great and repair costs were high. But I'm willing to accept this. So I've learned to lower my expectations just as long as they would be upholding legal requirements of the LTA.
1) has anyone here had experience with using a property management company to manage a triplex/Fourplex?
2) If so, what was your experience?
3) Would a single family home be a better bet instead of a multiplex given I won't be able to manage day-to-day operations?