Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

121
Posts
14
Votes
Abad Marroquin
  • Chatsworth, GA
14
Votes |
121
Posts

Is it a good idea to self manage when unable to find a good property manager?

Abad Marroquin
  • Chatsworth, GA
Posted

Hi BP community.

When I owned around 10 units I managed them myself, and I think I did it efficiently. Then as I acquired more units I hired a property manager. As you probably know, most managers will not manage as good as the owner.  For example, I would find a qualified tenant faster, I would not let’s a tenant fall behind in wait until they owe $3K in rent to start the eviction process, or I would respond to maintenance calls faster etc. (Tenants complaining nobody answers the phone when they call or take to long to get back to them). 
Now that I own around 100 units and bringing a million a year in rents, I wonder if hiring a full time employee to help me manage my own units would be a good or bad idea.

The rational is since I am paying around $70K a year I management commission, I could hire a small team to help me manage my units more efficiently.

Has anyone done this? Is it a good or bad idea? I know it will take more of my time until I fully train my assistant to solve 80% of the problems. Should I find ways to help my manager be more efficient instead? 
what would you do in this case. 

Thank you in advance!

  • Abad Marroquin
  • Loading replies...