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Updated 6 months ago on . Most recent reply

User Stats

220
Posts
135
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Andrew Acuna
  • Investor
  • Mission, TX
135
Votes |
220
Posts

What is everyone's obsession with hiring PMs!?!

Andrew Acuna
  • Investor
  • Mission, TX
Posted
I've been on BP for a bit and I've noticed something. I love the landlord forums, but any time someone poses and issue there inevitably is someone(s) who bring up hiring a PM. Can we just agree that a PM is not a fix all and can in many cases make things worse with a high monthly fee? I don't really see the allure here. My point is this- just because there's an issue (as there always will be) does not mean someone is not fit to landlord.

Most Popular Reply

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13,371
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,407
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13,371
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

No. What we can agree on is if you can't afford a PM, you shouldn't buy the property. The PM is critical if you plan on owning a number of deals. What the PM does, a good one, is allow you to be a RREI...not a property babysitter. Your time is more valuable than anything. You can always recover lost money, but you can never get your time back...and in REI, time is truly money.

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