Self Managing Properties

[Hayk Matevosyan]

Hi Everyone,

We are in the process of converting the property we live in (originally single family home) to a 2 family house, with the intent of renting out the second unit.

We plan on managing the property ourselves but want to be sure we have a thorough process and system in place for collecting rent, sending out reminders, etc.

Do you typically set up a business for such a structure in order to set up all of these processes under the business name, or is it equally efficient to do it as an individual?

Thanks