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Updated 13 days ago on . Most recent reply

Property Management Marketing vs. Other Options
Hello Bigger Pockets community! I am new to the forum. I recently completed a 10-31 exchange and purchased a new townhome in Lexington, SC. Prior to making this purchase I briefly reached out to a few attorneys to ask about assistance with drafting a lease (not much luck). I was then directed by a close realtor friend on a property management company who could provide 2 types of services, 1) Marketing only (list, screening, onboarding, and lease signing) that is owner managed or 2) Fully managed property. I went with option 1 and it turned out great, they were able to secure a tenant within 30 days of listing and the tenants have been great. The cost is a full months rent. I have no regrets on utilizing this service to start out but I have come to find that there is some great full service platforms (Stessa, Tenant Cloud, Avail, BASELANE, etc) that provide the same services but at a fraction of the cost. Also, I plan to use one of these platforms and don't want to duplicate a utility.
I live local to the rental property and don't see the need for full blown property management at this point. I'm looking to maximize the return.
Are the online investor friendly platforms, like the ones I mentioned above, easy to list properties for rent and screen tenants? Do you trust the lease agreements they provide (I understand lease language can vary and should be reviewed), but is one better the other?
Lastly, do you reccomend me doing this as much on my own while utilizing an investor friendly management program?
I appreciate any input. Thank you.