Investor · Fort Walton Beach. FL · Member since 2020 · 87 posts · 42 votes
Hey BP Fam,
I have a condo in Delaware that doesn't require much attention. I have a guy at work that has multiple properties out of state with no property managers. He said he calls local GC's and basically calls them and sees if they are reliable and willing to go to the property when something goes wrong. Obviously compensating them for their work and visit to the unit. Does anyone else on here do this as well? I can save 10% by not using one and I really don't think I need one. I have a tenant that wants to stay for 5 plus years, so I am not scared of finding tenants even if she was to leave. Any pointers in this would be greatly appreciated. Thank you for yalls insight.
Kristopher, I understand why you do not want to hire a property manager. If you have a reliable trustworthy handyman that can fix repairs quickly, that may work for one unit. I have more than 400 units in 5 states. If I have someone reliable and I only have a few units I use them, if not I hire a PM. There are pros & cons to both ways so you need to be comfortable with your choice. Make sure you vet your handyman very carefully, if anything goes wrong you may be liable. If you'ld like to talk more, let me know.
I was reading into the landlord-tenant laws and couldn't find it in there? Where is this said? I've been looking online as well. If this is the case I will need to figure this out pretty quickly.