Should I have an Escrow account or not ?

[Moe Soliman]

I'm about to buy my 3rd investment SFH and all the homes I own including the one I live in have escrow accounts. Is there any advantage of not haveing an escorw and just paying your taxes and insurance at the end of the year ? Or will it just be an extra hassle I'll have to deal with ?

I'm a physcian and very busy at work, but if there is any advantage other than having a stable monthly payment instead of a mortgage payment that changes each year then I'll try it out for this coming investment.  

Thanks

Moe

[Chris Mason]

People in California that get Christmas bonuses and income tax refunds every year often elect not to escrow, since our property taxes are due right around Christmas time and tax season.