Updated over 4 years ago on . Most recent reply
Useing property management company right away?
Hello BP!
I am currently pursuing my first home for me, wife, and unborn baby girl. Owned by a family acquaintance, rented to my grandmother for several years. Good condition, Small 3 bd, 2 bath, college town, rentals on either side. My plan is to live there for about a year and a half and leave it behind as a student rental. Building my wealth one house at a time! My question to the BP universe is. After running the numbers, accounting for a 10% property management service and still clearing a tiny amount of profit(more to add into capX). Is it wise to get in bed with a PM company right away? What would be the down sides of never doing it myself? Would not having to worry about it help my investing career move quicker? Thanks for the help guys.