Managing your own rentals? How do you handle it financially?

[Steven Lalonde]

Hi BP,

For all those folks out there that manage their own rental properties, what are your thoughts, opinions and advice on setting up a Property Management company/business to manage your own personal rentals at the start of your Real Estate Investing career?

If you were to setup a Property Management business and bank account, and manage your own properties yourself while putting away 10% of the rental income into the business account, that you would otherwise pay to another Management company, is there any incentives or tax write-offs/implications in doing this?

Thanks,

Steve