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Updated over 8 years ago on . Most recent reply

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Daniel J.
  • Conroe, TX
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When should I consider a property manager?

Daniel J.
  • Conroe, TX
Posted

As a general rule I am planning on managing my own properties. However, I do realize that gets a lot harder the bigger the property is. Does anyone have thoughts on what size MF I should really start considering using a PM?

Thanks!

Daniel

Most Popular Reply

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William Hochstedler
  • Broker
  • Logan, UT
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William Hochstedler
  • Broker
  • Logan, UT
Replied

I recommend all investors self-manage until they understand what it involves.  Depending on your growth, you will be able to determine when it becomes a burden for you.  This experience helps you better manage the manager and get a sense of the value a good PM provides.

Two considerations to think about as well.  

  • In my market, because of the size of the PM company I use and their marketing reach, they can actually rent my properties for more than I can covering their own cost.
  • If you're considering selling, third party professional books is always a plus.

Good luck.

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