How passive are rentals using a property management company?

[Loren Thomas]

Hello I'm brand new to real estate investing. I am a partner in a business that has a very strong monthly cash flow and I'm looking to use that cash to acquire multi unit rentals. The main issue I have is my lack of experience. I'm not a handy man what so ever and I do not want to get dragged into the day to day of being a landlord. I realize where my strengths and weaknesses are and that is why I am planning to utilize a property management company. My question is, are my expectations unrealistic of being a mostly hands off real estate investor? Can a property management company handle 99% while I continue to manage my daily business and hunt for more deals? Also are there any resources I can turn to if other people like me? Would love to have a mentor whose been in the same situation! Thanks much in advance!!!

[Curt Davis]

People hire management companies to handle the tenants, collections and repairs. If you dont want to do those things then yes you get a management company.  Even in my own local market I use one bc I dont have the time or desire to deal with it. 

Good luck