1st Rental

[Kyle Sinclair]

Hey everyone, 

It's my first post on Bigger Pockets! I have an owner occupied home in Carrollton, Texas (near Dallas) we paid 160,000 for it and its current value lies somwhere between 210,000 - 230,000 now. My wife and I have decided this is going to be our first rental property. In fact we have a meeting with a property management company tonight at 6:00 pm. Since owning the home we have a installed a new roof, and downstairs heating/cooling system, as well as repainted, fixed cracks.  Any words of wisdom moving forward? Or any burning questions I should ask of this management company? 

Thanks, 

Kyle 

[Kyle Baker]

Kyle Sinclair

I've heard that managing it yourself if the best method to start. It will allow you to learn the business of property management and I turn allow you to pick a good property manager when the time comes. How would you know what a property mgr should do unless you have been there yourself?

Doing so will also let you decide if you even like managing your properties or not. Maybe you're great at tenant mgmt and maybe your not. At least you will know on you own terms.

Good luck!