Property Management from day one?

[Alexander Wardell]

As a new investor the topic of property management comes up often during property evaluations.

This is one of those things that will eventually happen once someone reaches a certain amount of properties (unless they want to self-manage 10+ units), but that doesn’t appeal to me.

My debate I am having with myself is should I consider managing my first property or two so I can gain the experience (Been there done that, got the t-shirt kind of deal) or should I put my faith into a management company from day one, freeing my time up for other opportunities?

This isn’t necessary a money issue, as I am fully aware of the benefits a good management company can offer, but its more so the experience side of things.

If I get a great deal and manage it myself for <1 year and hire a company after would that be a reasonable option, or should I just consider it an experience not worth taking?

I would like to hear about other experiences and opinions.

Thanks!