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Updated over 10 years ago on . Most recent reply

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50
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Jeremy Collins
  • Des Moines, IA
0
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50
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Renting out properties have questions

Jeremy Collins
  • Des Moines, IA
Posted

I am looking at buying a couple of rental properties. I have questions though.  This would be my first one or two properties I have owned, do I manage them on my own or do I have a property management company take care of them for me.  I work full time and am a full time student I am looking at doing this to supplement my income while I am in school.  I am looking at 3 bedroom homes as I have been told those are easier to rent out than 2 bedrooms.  I have talked with a couple of people and have gotten a lot of good information from them on subjects.  Also, I am looking for a realtor, what should I be looking for in an agent that will help me be more productive in my endeavor?  Any information would be greatly appreciated.

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49
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11
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Sibbir Noman
  • Glen Allen, VA
11
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49
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Sibbir Noman
  • Glen Allen, VA
Replied

@Jeremy Collins

Everyone's situation is different but I manage my properties (11 rentals so far) and I have a full time job.  There will be time when your properties will require your attention/time but for the most part you shouldn't need to do a whole lot if you get the right tenant in there.   You can always start out by managing yourself and if it gets to be too much then look to hire someone.  I'm happy to share what/how I manage my properties so it doesn't make up too much of my time.  

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