Hire Commercial Property Company or Hire an assistant

[Beary Bowles]

So I own a 12 unt apartment building in the St. Lous County Market for approx 1yr.  My team consist of myself, property manger (the previous owner), and a local handyman. So far the team have been decent since I have a 40hrs a week job.  My current problem now is that we have it completly occuppied but my property manager is stuck in the past with technigolgy and has a terrible marketting strategy by using out dated news paper ads to advertise for rent.  Now I manage the handyman, pay the handyman, collect 95% of the rent by phone charge (Square), occasially screen tenants, and pay expenses.  

Should I just lose some of the cash flow by hiring a real property management company or create a template and hire/teach a employee to deligate some of my assingmets?

Any advice would be helpful. 

[Greg Scully]

@Beary Bowles -  I prefer 3rd party management.  Should your handyman get a better offer, you could be left in a difficult position.  The same goes for your property manager.  Professional managers typically have more and better resources for most scenarios.  You can make more money managing yourself, but it can be time consuming.

There are numerous software companies that may be able to solve the technology problem.  Here's an article:

https://financesonline.com/property-management/