Do you have your own property mgmt co? BRRR

Member since 2022 · 31 posts · 15 votes

Hello! We are using the BRRR method and we are looking for any advice or thoughts on starting your own property management company for your rentals vs. having a third party doing it for you. I'm thinking of hiring someone to run it which could be beneficial for write off employee purposes.

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Nathan A.
New to Real Estate · Sunnyvale CA and Maplewood, NJ · Member since 2022 · 257 posts · 161 votes
3y
Some questions: Do you currently self-manage and the question is whether to form a formal company for it? How many rentals do you have, because you would likely need a good number to reach the scale where it would make sense to hire an employee. Do you have interest in being a property manager for others too?
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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
Hire a property manager. You will sleep better at night.
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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
3y
@Jessica Lamont how many units do you have?
Typically requires 20+ to make sense hiring someone, 100+ to make a living at being a PMC
[email protected]248-209-6824
Logical Property Management4.9460 Reviews
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