So I have published my first article on ThinkRealty.com (and have an article set to be published in the print edition as well, I believe in March). The article discusses the pros and cons of managing yourself or hiring a property manager. The pros for hiring a manager:
- Save Time
- They Know More About Management (usually)
- Structure Already in Place
- Outsource Headaches
- Easier to say "No" (to tenants that is)
And for managing yourself:
- Save Money
- Gain Experience
- More Control
- Avoid Being Ripped Off (by unseemly managers, of which, unfortunately, there are a few)
- You Care the Most
As I conclude, "No matter what you decide to do, it’s important to put pen to pad and come up with the positives and negatives for each approach." Namely, you should know what you are getting into.
Check it out.
"Every day is a new life to the wise man."
The Righteous Mind
Star Slate Codex
Consulting by RPM