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INVSTOR, you usually do have the option to use a PM external to the complex. Where would such a condition exist: "You must use the on site manager"? In the purchase contract? If you're dissatisfied with your on-site mgr, maybe you should check whether you have any obligations to continue...

For some reason, for us, when buying in SEQ (2 of 4 IPs), we prefer a managed complex. The BC is, in some ways, a form of tax-deducible forced savings. eg, We'll be getting external painting done next year, and it won't cost us anything as it comes from the sinking fund. Our Eight Mile...

You need to be sure you're comparing apples with apples. IMO, there are a lot higher proportion of managed complexes in SEQ with relatively high BC. So your higher rental (based on asking price vs. rent) is eaten away by the BC fees. We have one of these (actually bought brand new in...