Question to all self managing rental property owners

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Question to all self managing rental property owners

Seemant Nakra
Property Manager · Seattle, WA · Member since 2019 · 7 posts · 2 votes

Question to all my fellow rental property owners who self manage.

Why do you self manage Instead of finding a professional property management company?

A- Fees

B- Service

C- Trust

Please be descriptive if possible so I can learn more.

Thank you

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Anthony Wick
Rental Property Investor · Ankeny, IA · Member since 2017 · 2k+ posts · 3k+ votes
6y

@Seemant Nakra

Because nobody will care about my properties as much as I care about my properties. And most PM’s in my area either do a poor job, or they charge too much, or they charge too much for the poor job they do. And, because I have the time to do the job.

The one thing that annoys me the most is the fees they charge to renew a lease. $300,400,500 to simply do a new lease addendum for an existing tenant! Ridiculous.

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  • Bill SchrimpfBusiness Member
    Real Estate Agent · Reno, NV · Member since 2014 · 353 posts · 189 votes
    6y

    @Seemant Nakra - My decision is based on the time value of money.  Right now, I only have a few tennants and they are great and do not require much of my time.  At some point, scale will become an issue and the time value of money will lead me to paying for managment.  When I do calcs, I do include managment fees, even though I do self manage.

    [email protected]775-741-2326
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