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To be paying 15% on management is rediculous. I am sure you could negotiate a cheaper management agreement. Also, just because one PM appraised your unit at $235 does not mean that it is market price. It could just be a PM that does not keep up to date/not much good/lazy etc. Not all PM's...

Our PM's all call us with maintenance requests. I spend hardly anything on maintenance, and they are all well maintained. We do most of the maintenance on the local ones ourselves. In the last year I would have replaced 3 stoves and an additional, maybe, $200 on average on all properties, and...

LOL! You must have posted while I was typing. My thoughts exactly. Apparently I have to spread it around before I can give you more kudos.:D

I am confused. First you say the rent is $270, but market rent should be $285, then in your next post you say the house next door is $250 and a PM said your place was worth $235. Bearing this in mind, it appears that you don't really know the value of your own property. Or, there is a glut...