Lets talk Property Management

[John Chandler]

I think every investor eventually asks this question:

“Should I manage the property myself?”

I've done the math in my head too.

Why pay someone else when I can do it myself?

Then you get a tenant calling at 2:00 AM because something is leaking...

Suddenly that management fee doesn't look so bad. 😂

I believe self-management can make sense for some investors.

Especially when you have a small portfolio and plenty of time.

But as the portfolio grows, your time becomes part of the equation.

You have to consider:

• Tenant communication • Maintenance • Leasing • Collections • Inspections • Evictions • Vendor management • Accounting

And your sanity!!!!!!

I think there's nothing wrong with managing your own properties.

But I also believe investors should understand what their time is actually worth.

Sometimes the best investment decision isn't about saving money.

It's about buying back your time.

Think about what you can do with more time? Buy another property of course!!!!!

[Michael Eskenasy]

LaTarence, if you’re on the property-management/operator side too, this is exactly the kind of network I think gets more interesting than simply trading individual deals.

We’re building around the whole real estate operating layer — owners, brokers, property managers, contractors, lenders, investors and local operators — and connecting those pieces around actual properties and opportunities instead of everyone working in separate silos. The goal is to know who operates where, what they’re good at, what they’re looking for, and who can actually execute when something shows up.

That starts becoming especially powerful with off-market situations and properties that need more than just a buyer — sometimes the missing piece is management, capital, construction, disposition, or the right local relationship.

If that overlaps with what you’re building in New York, shoot me a message. I’d like to get you into the orbit and compare notes.