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Updated almost 9 years ago, 01/05/2016
Property Management Specifics
High school math teacher here...extremely fed up with lack of funds all year round leading to tight spending during vacation. Ready to start putting the hard work in for a goal of starting off with small amounts of passive income.
After lots of research I wish to buy a property beginning of summer (2016). Now, I know I can put in the hard work by managing my own property all summer while not having to deal with school, but heading back post summer takes up a whole lot of my time. I realize a big problem many people encounter with property managers is the selection of a great tenant. Is it possible to say that I do the managing throughout summer, select a tenant, then once returned to school have a PM company take over? I realize the turnaround is quick. I am not quite sure though about the time frame in which a PM company can start managing the property. Don't know if this post sounds insane or not. But can hopefully get some thoughts.
Thank You!