Experienced Out of Town Landlord vs. Property Manager. Who wins?

[Faisal Sami]

Who would have more BOTTOM LINE PROFIT at end of the month?

Experienced Out of town landlord vs. "turn key" Property manager ?

Assumptions

1. Each has EXACT same hypothetical properties to manage

2. Properties are in "C" neighborhoods.

3. Mix of private pay and section 8 tenants.

[Ali Boone]

Depends on what exactly you mean by "profit". I may save 10% of the properties' income each month by not paying a PM, but what is my time worth that I lose by having to manage it myself? I can pretty much promise it's worth more than the 10% of rental income. So in my book, I have a wayyyy higher bottom line "profit" by using a PM because I don't spend one minute of my other-occupied life dealing with properties.

Major value of time vs. dollars confusion in your question.