Does anyone like property managing?

[Alex Shipp]

Just curious for those that don't outsource property management, if anyone actually likes property managing? I only manage one unit just to save money, but it is no fun to me especially when tenant issues come up. 

[James DeRoest]

Yes, I genuinely enjoy it.

But you have to get past the idea that all problems are bad, and that it's going to cost you money. 

A problem just needs fixing. Simple as that. It's not going to fix itself no matter how much you ignore the texts from the tenant. So you can either be proactive about it, or dread the call that isn't going away.

There is a payoff for fixing problems or at least looking attentive to the stuff you won't fix ; tenants have a very high opinion of their landlord. To the point today that we have not advertised in months because our empty units get recommended by our tenants to other people. We even have one tenant right now, some bad memories about the home they lived in our (one of our houses), want to stay with us - they are literally waiting for a property to come out of rehab.

We were managing some friends properties, quite a few in fact, but we placed them all with a PM. Less than a year later we were being asked by everyone (tenants and owners) to resume managing, people like property managers/landlords who give a crap.

And yes, it's going to cost you money, but when you get involved with the problem then it may cost a whole lot less than it was.