Long distance landlord needs help deciding...

[Ryan Deasy]

Hello:

I recently moved to Texas from Connecticut but my properties obviously did not. I had my brother doing property management but that will be ending after this month. I am really struggling to decide whether or not to:

• Hire a full time property manager. I have heard a lot of horror stories and giving up 10% is not a huge turn on.
• Manage it myself but find someone to show vacant rooms and fix leaking sinks.
• Do somewhat of a hybrid. For example, securepayone.

I like things done a certain way and am not good at giving up full control. I have a few properties in CT but the ones that would potentially need management are in New Britain. I am also looking to buy more properties soon, so the issue of scaling is important.

Any help or insight would be much appreciated!

-Ryan

[Alexander Felice]

Hire the PM. You'll spend more than 10% of the value working on this anyway if you self-manage

being able to successfully delegate - that's real control