Self-Manage Questions & Concerns

[Eric George]

Hey Everyone! Looking to purchase 1-2 single family homes this year and trying to determine whether to self-manage or hire a property manager. Properties will be close by (30 mins) and currently do have the time to my knowledge of what it would take to self-manage. What risk do you put yourself in when you self-manage? How do you decrease your risk as a landlord. If I was to hire a property management company, who do you recommend that serves North Texas? Any other insight that you can provide would be greatly appreciated.

[Gregory Schwartz]

The good news is that Texas is a very landlord friendly state so that in itself lowers the risk of self-managing. Also, Texas A&M has a great tenant landlord guide to help with most of the laws you'll need to be aware of;

https://trerc.tamu.edu/wp-content/uploads/2023/10/Landlord-a...

My vote is to self manage our first 5 ish units. Good luck!