Property Management Experiences on a Growing Portfolio

[Michael Bracewell]

Good evening everyone, I like most of you I’m sure are putting together a goal and plan of action to grow my portfolio in the new year. Currently, I have one single family home that I have been managing myself for the past almost 2 years while I was growing my pest control business. As I grow my portfolio  I have begun to think about the next step in hiring property management or potentially working to establish a team that can manage my future properties and systems the way I want them done. I’m interested in how everyone has handled growing there portfolio and outsourcing to 3rd party management, self management, or creating a team centered around your units. What are some of the pros and cons you have dealt with? I am not against hiring an outside company, but I have also dealt with some small managers in my pest control business that I could hardly see the value they provided to the property owners. Any feedback or personal experience is greatly appreciated!