Alternatives to Full-service Property Management

[Mark Soreco]

Wondering if "digital property management" such as Nomad (https://nomadlease.com/) is a viable option for out of state investors with 2-10 unit multifamily properties.  Nomad starts at 4% with optional extra fees for inquiries/showings.  Maybe there are similar competitors.  Seems attractive compared to 10%, plus $500 per tenant placed that one recommended full-service PM company gets.  I don't mind putting some time into management myself to save cash flow, but don't want to risk tenant or maintenance issues impacting the property either.

[Drew Sygit]

Where's your analysis on how much you'll actually save versus the number of hours you'll have to spend for those savings?

That'll answer your question...