To Self-Manage or not to Self-Manage
As I sit in my rental with my second consecutive no-show appointment, I can’t help but ponder: to self-manage or not to self manage. I’ve gone back and forth, see pros and cons of both, and would love to know your thoughts!
Pro:
- Keep 10% more of my rent
- Ability to self-screen and place high quality tenants.
- Learn the business from the ground up
Con:
- Sitting in an empty house waiting for a no-show that confirmed earlier in the day
- Actively manage a passive investment
What’s and investor to do???
Most Popular Reply
I have just about eliminated no-shows by requiring a completed application (free) and uploaded pay stubs and DL before a showing is scheduled. I do a preliminary (free) court records search as well. The application fee is charged when both the tenant and I are interested in moving forward and I collect that money at the showing.