I think that if you are looking for good property management prices, it might be a good idea to shop around for different options. I really think that it would be a good idea for you to get good property management while you are gone and waiting for it to sell. If you are looking for a lower rate, you might look around for different options and then see if the lower prices still offer the same quality of service. http://www.calibrerealestate.com.au/property-management/investment-property/... more
Likely not....as other's have mentioned, an attorney is the best person to consult regarding liability issues.
Taking this one step further, when dealing with a management company, it's always recommended that you find out in writing what their responsibility is to you and what yours it to them. Request a copy of their agreement and review it carefully. You might want to pass it along to your attorney for their review as well.
Owners can request whatever they like but I do agree that 5 months security deposit is unusual and unreasonable. How is your credit? I have worked with clients whose credit is low and they have had to pay a higher deposit but never 5 months. Good luck!... more