Am I a control freak?

[Tony Velez]

Hi,

We only own one investment property at the moment. Its a triplex in the town I grew up in.  I understand great property management is an advantage to be succesful in real estate. I know I am not a great property manager. We really want to hire a property management company. For some reason I cant get past handing over the reins. 

Is it because I dont trust people?

Am I a control freak?

Can BP give me advise on what a good property manager does? How will a good property manager help us with our property and future properties? How can I get past  the thought of not being in control?

What kind of questions should we ask? 

[Thomas S.]

Think of it as not giving up control but simplifying your control. Instead of controlling tenants you will now have the responsibility of controlling a PM. Having a PM does not mean you no longer have management responsibilities it simply means you will hopefully be managing a professional. Finding the right one that you can actually manage will be your biggest challenge. Be very conservative with trust.