I net roughly $230/month from a rental property I own. I have a realtor I trust manage it for a "first month + 5% of rent" fee. The property is located in a market where rent is much higher than the mortgage (about 150%), so I end up making a profit while building equity into a house at a low interest rate. Not exciting, but it is a viable model and management fees seem very reasonable for the amount of work the realtor does.