Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

8
Posts
5
Votes
Bryan Glaser
  • Sherman Oaks, CA
5
Votes |
8
Posts

Would it be wise to hire family to manage a property?

Bryan Glaser
  • Sherman Oaks, CA
Posted Nov 22 2014, 22:01

Hello! New to BP and RE Investing. I'm currently studying for my license here in California but I am looking into more affordable markets to get started as an investor. Ideally I would like to buy and rent to start with. Since California seems to require far to deep of pockets than what I currently have, I have been looking into Phoenix, AZ.

Another reason I have been looking there other than the cost of housing there, is that my parents are looking to retire in that area. My father has worked in home appliance repair for over 30 years and is a very savvy doit yourself-er. I was wondering would it be feasible to hire my parents as my Property Management team/my dad as my Handy-man for my properties?

Not that it would necessarily save me money, but it would be nice to have two of the most trust worthy people I know on the front lines with me and in the area where my properties will be since I'll remain living in California. Thoughts?

Thank you for all the advice ahead of time!

Loading replies...