Property management strategy that will save a lot of $$$$
My mother owns a very successful property management company. She manages 400+ properties from commercial to residential. I’ve never heard anyone talk about this strategy
But you can go to a property management company and use them just to fill your units. They charge a half a months rent but once your unit is filled you can go back to managing the property your self. For me the hard part would be picking the correct tenant.
I’m 100% for property managers and I’ll be using them on all my out of state deals. I’m a electrician so working on the building is not a problem for me. So if you are close to your properties and don’t mind working on them this might be a good thing to do.
For me that saves me a $400 a month bill, because the property management company will do what they do best and find a great tenant through their screening process.