Is it crazy to hire a PM for a property you live in?

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Is it crazy to hire a PM for a property you live in?

Justin H.
San Diego, CA · Member since 2017 · 7 posts · 0 votes

I'm considering using an FHA loan to buy a 3-4 unit property. I have a pretty demanding job and I'm not really interested in being a landlord. Is it crazy to hire a PM in this situation? Anyone have experience with this?

On the one hand it seems kind of silly since I'm literally on-site 24/7. On the other hand, being the PM to my neighbors seems potentially much more annoying than being a PM tenants 50 miles away.

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  • Account Closed
    Real Estate Investor · Shelton, WA · Member since 2013 · 369 posts · 639 votes
    9y

    @Justin H. Nothing crazy about it in that situation. If you can hide the fact that you own the property (LLC, trust etc), even better.

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  • Dustin Beam
    Kansas City, MO · Member since 2015 · 609 posts · 321 votes
    9y
    Originally posted by @Account Closed:

    @Justin H. Nothing crazy about it in that situation. If you can hide the fact that you own the property (LLC, trust etc), even better.

    Unless I'm mistaken, I don't think he can hide his name with an FHA loan.

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