Self-Management vs Property Management: Which is better?

Real World Monopoly baby!

The biggest decision you have to make as a landlord is deciding whether you want to manage your properties on your own or whether you want to hire a property manager.

This is one of those time vs money trade-offs, and ultimately only you know your financial situation and numbers well enough to disconcert when you are getting diminishing marginal returns for time output put into self-management. Obviously, the more properties you have, the more worth it is to have property management services put in place. This is one of the things we specialize in. If you want real estate investment consulting of this nature, contact us here.

Self-management vs Property Management:

• Advertising vacant units, screening tenants,
• What does a property manager do:
• Advertises Vacant Units
• Has a screening process for potential tenants that consists of screening, approving, and signing leases for tenants
• Handling phone calls from tenants
• Scheduling maintenance-related phone appointments
• Issuing late notices
• Filing evictions, if needed