This is the way you can see costs, mange costs and also save a lot of money.

Initially you need to micro-mange your PM while you get used to each other, but once you sort each other out, it is a time saver.

I mange it myself so save a lot, it's in a highly desirable area so almost never vacant and when someone moves out I rent it immediately.

question for property managers and self manging landlords. 

We will have a property management company mange our properties (we'll be looking for the right real estate agent)End goal would be buying two cash flowing properties a year for 10 years, but we could change plan and look at buying higher quality properties in areas more likely to offer appreciation if the market drops.Our rationale is that it is easier to achieve 1% at those properties.

Originally posted by @Justin Manges:@James Palassis I’m a newbie… what is the umbrella policy for?

@Clifford PaulMy man!!!

Hanging around a person  that is in the trenches is the key ,lots of this is the ability to mange people ,money .It is tougher now because of the market is really hot making deals hard or a real haggling experience .If folks know you have real money they may allow to take up there time  ,lots of folks are just talkers with no money so they have nothing to make the connection  worth while .

We own 60+ units and mange 200+. 

A few times had property managers collect and distribute rents in Sacramento area, but mostly self-manged.