General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Tenant/Property Manager?
I am in the Military, and I move around a lot but I want to grow. Its tough because I am not there to manage them and really that's the only thing stopping me from growing. I have a tenant in my rental back home that has been there for about 5 years, always pays, no issues...
I found a duplex there for 75k, and rents for a 1000 a month total, if I bought it, it would cash flow well... The renters in the duplex have been there for 5 years also, so it has good rental history. I really want to buy it, but this will now give me 4 rentals total. I am scared I want be able to manage them all from bouncing around in the Military so often, right now I am in Sinai Egypt...I was thinking about having my tenant manage my properties and paying him the normal 10% I would have to pay a property manager. I would also groom, and train him how I want him to do it.
I looked into hiring a property manager, but it seems the only thing the property managers from around that area specialize in is vacation rentals (Myrtle Beach). What do you guys think?