What is everyone's obsession with hiring PMs!?!

[Andrew Acuna]

I've been on BP for a bit and I've noticed something. I love the landlord forums, but any time someone poses and issue there inevitably is someone(s) who bring up hiring a PM. Can we just agree that a PM is not a fix all and can in many cases make things worse with a high monthly fee? I don't really see the allure here. My point is this- just because there's an issue (as there always will be) does not mean someone is not fit to landlord.

[Joe Villeneuve]

No. What we can agree on is if you can't afford a PM, you shouldn't buy the property. The PM is critical if you plan on owning a number of deals. What the PM does, a good one, is allow you to be a RREI...not a property babysitter. Your time is more valuable than anything. You can always recover lost money, but you can never get your time back...and in REI, time is truly money.