Self-Management vs 3rd Party Management for Apartment Investing

[Dan Handford]

Multifamily Investing Opinion:

Self-Management vs 3rd Party Management?

Most operators look to do 3rd party property management especially in the beginning stages as they begin to acquire more assets in a given market.

After many discussion with larger operators, including the larger REITs, it seems that their investors prefer the self-management option.

The consensus is that self-management is definitely not done to increase profit but to have better control over their assets.

Which do you prefer and why?