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Updated almost 10 years ago on . Most recent reply

User Stats

28
Posts
15
Votes
Gerhard Listander
  • Winthrop Harbor, IL
15
Votes |
28
Posts

When to get a property management company

Gerhard Listander
  • Winthrop Harbor, IL
Posted

I have this idea floating around in my head thats telling me whenever I buy my first multifamily property I should also get a property manager. I want to truly have passive income and dealing with all the things a property manager could deal with isn't exactly what I want to be spending my time on. My plan is to finance a multifamily property with a VA loan and start as an owner occupant. Instead of having to re-budget later to add a property manager I could just start right off the bat. I know it might seem lazy of me but I don't want my investments taking up all my time when I could be doing more things like investigating my next big deal. I'm just looking for some opinions and discussion on what the pros or cons might be. Thanks!

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