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Updated over 5 years ago,
Hire Commercial Property Company or Hire an assistant
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.