All Forum Posts by: Chris Walters

@Chris Walters Your post said "unless if Your ROI is really high and you can AFFORD the PM". I Repeat if the property won't support a PM I wouldn't buy it. I would know this before I bought the property as my due dilligence would have reveald that to me. My path to Rome is not the issue here. Maybe my Rome is different. My goal is to have as much PASSIVE income as possible. Managing property is a job not passive income. I already have a W-2 job I don't need another one. Your saying all a PM does is deal with tenants. They also track your expenses, they provide monthly and yearly statements for tax purposes, they over see repairs, one even helped me do a small rehab. they track market rents and keep your rent in line with that and provide leads on new purchases. They usually have legal services available for evictions. That same legal service keeps you out of legal trouble with local landlord tenant laws. I bet 1/2 the threads on BP have to do with some type of tenant issue. If the poster had a PM he wouldn't need to post on here he could ask his PM. I have purchased 3 properties as a result of leads from my Pm's. 2 I have never seen. My PM's found them. When I am looking to purchase in a new or different area I call a PM first. Then I call a realtor. Usually the one they recommend. You are severely limiting your opportunity to grow if you do not Learn to vet, work with and manage your PM's. wealth is measured in time not in dollars. How much wealth will you accumulate by saving 50-100 dollars a month per unit as opposed to spending your time learning real estate and then applying what you learned to find new and better deals? RR