To Self-Manage or not to Self-Manage

[Scott Donahue]

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???

[Jill F.]

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.