There is NO REASON to Manage your own properties if you have 4+ Units in San Antonio

[Brian Hughes]

I've been in the Property Management industry for around 10 years and it always baffles me when landlords choose to manage their own units. I'm curious to hear reasons why you WOULD want to manage your own units.  Below are my top 5 reasons to hire a Property Manager:

1. Reduced liability - do you want to be sued for a simple mistake, I don't

2. Accurate Rental Rates - Unless you are very closely watching changes in the rental market, it is going to be difficult for you to determine accurate rental rates.  If you are out of state - forget about it - rates change quickly and there are many reasons why one home would be worth 10% more or less. 

3. Free time - Who wants to get a call from a tenant while on vacation or during the holidays?  I'd pay at least $100 a month to just know that I'm not going to receive a call about a toilet, faucet, or anything like that.

4. Accounting and Reporting - Sure you can hire an accountant or invest in/learn specific software that will help, but for my money, I'd rather rely on a professional who gathers this info and provides the docs I can hand over to my CPA instead of spending hundreds/thousands of dollars having a CPA figure it out or stumbling through it on my own.

5. Increased ROI - this is the biggest one - ultimately getting more rent, avoiding mistakes/lawsuits, and the cost of what I value my time at - there is NO REASON I would ever manage my own properties.

What do you think?