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Updated about 2 months ago on . Most recent reply

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Chris Ingle
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Self manage or Property Manager? (soon) own 1 OH duplex. Resources for self manager?

Chris Ingle
Posted

We are about to close on a duplex in OH (first property).  Property needs minimal work to rent; both sides are now vacant. Clean slate.  Been evaluating Property Managers and considering self management. If do ourselves, wondering if a quality handyman, basic management software, and resources for an OH lease and tenant screening framework would be sufficient.  Any recommendations for those basic services?  Decent online services for very small portfolio portfolio?  (1 now; headed for few more)

We live out of state, however have connections to our rental area, visit couple times a year, etc.  Anyone have experience  self managing from afar?  Easy answer is 'do not do it, pay the 10% plus fees for manager'.  Evaluating if taking the harder path is worth it. 

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Remington Lyman
#5 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
7,120
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Remington Lyman
#5 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Chris Ingle:

We are about to close on a duplex in OH (first property).  Property needs minimal work to rent; both sides are now vacant. Clean slate.  Been evaluating Property Managers and considering self management. If do ourselves, wondering if a quality handyman, basic management software, and resources for an OH lease and tenant screening framework would be sufficient.  Any recommendations for those basic services?  Decent online services for very small portfolio portfolio?  (1 now; headed for few more)

We live out of state, however have connections to our rental area, visit couple times a year, etc.  Anyone have experience  self managing from afar?  Easy answer is 'do not do it, pay the 10% plus fees for manager'.  Evaluating if taking the harder path is worth it. 


I would only recommend doing self-management if you are doing MTR or STR and/or it is in a A or B area

  • Remington Lyman
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Reafco
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