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Updated almost 7 years ago,
too new for property management??
Hi everyone I just had a thought yesterday. Would it be a good or bad idea to hand over the responsibility and tenant interaction to a property management company if all i have is a 4 unit multifamily, one apt of which I'm currently living in? I closed on the place a few months ago and have showed it about a dozen times without finding a qualified tenant. My thoughts are that a property management company would have the years of experience and knowledge to properly find tenants, manage paperwork and handle repairs more effectively than i could which would mean a better experience for the tenants overall. This would also help me kick start my path to purchasing more rental properties by freeing up my time and focus.
Am i thinking about this all wrong? Should i just focus on filling and managing the few units that i have for now, or should i be thinking ahead and let the pros do what they're paid to do? Any thoughts or experiences with this that you could provide would be much appreciated!