Updated over 8 years ago on . Most recent reply
Manage my own properties or find a property management company?
Landlords, I am at a place where I am managing 38 properties. Most of them are single family, couple are duplexes, and couple are student housing (near a college so I rent by the room for higher profit margin). It's becoming overwhelming managing them and I am at a fork in the road: Either use what I built on and find a full-time property manager and create my property management company for my personal properties to grow on OR hand it to professionals in a local property management. One part of me wants the first option because it means more control, better profit, and ability to grow bigger to justify a full-time team. But another side of me feels that I am hindered with investing until my management is in place which makes it more appealing to "hand it to the professionals". Anyone have gone through this? What's your thoughts?