Making the switch to a property management company
I'm on the cusp of hiring professional property management after years of DIY and building a small portfolio. I have a "day job" so my 16 units are starting to be a bit cumbersome at times. I found a company that seems to have a good rate, reputation, etc. but as I'm about to pull the trigger I'm catching myself second guessing. I'd like to hear some good and bad from people who have made the switch. All my units are walking distance from my home so it's relatively easy to handle. I can't tell if I can't let it go because this venture is "my baby" or if it's just normal cold feet and I'll love it once I'm not tied down with managing the day to day.
Most Popular Reply
@Justin Wilkey change is always hard, especially when it comes at 8-10% of monthly rent :)
Trust your gut. You made the decision to reach out and interview property managers, so it sounds like it's time to make the switch.
If you do it right this will free you up to purchase more units