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Updated over 9 years ago on . Most recent reply

User Stats

141
Posts
26
Votes
Kyle Soderman
  • Investor
  • Saint Cloud, MN
26
Votes |
141
Posts

House hacking with a property manager

Kyle Soderman
  • Investor
  • Saint Cloud, MN
Posted

I am interested in your guys' opinion of still using a property management company while house hacking in a 2-4 unit MF. The biggest reason behind this is getting the 2AM knock on the door because your residents' toilet is clogged or something of that sort... I believe that using a property manager is duable as long as the numbers work, or at least saves me money by not throwing it away on rent. I would prefer not having to deal directly with a tenant(s). 

The reason I ask is because I hope to buy a duplex and live in it the minimum amount a FHA loan requires (typically 1 year???). After that time is up I would move out and rent out both units and begin to cashflow if the property wasn't doing so already. Obviously before buying I would make sure the property would Cashflow after I moved out.

Let me hear your thoughts!

Most Popular Reply

User Stats

141
Posts
26
Votes
Kyle Soderman
  • Investor
  • Saint Cloud, MN
26
Votes |
141
Posts
Kyle Soderman
  • Investor
  • Saint Cloud, MN
Replied

http://www.biggerpockets.com/forums/52/topics/215119-no-you-dont-need-a-property-manager-if-you-house-hack Also found this great post by @Scott Trench on his opinion regarding the matter.

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