I'd like to take a poll !

[Nicole A.]

Let's say you have acquired a rental property and are almost done with renovations. You have a PM for your other rental properties. 

Do you slide the newly acquired and renovated property to your PM for them to place tenants? 

Or do you save that first-month's-rent fee and place tenants on your own before sliding the property over to the PM? Oh, and yes, this is assuming you do have previous experience placing tenants in your pre-PM life.

Let's hear it!

[John Underwood]

@Nicole A. I would personally pick option C.

Place tenant myself and self manage for the following reasons:

I don't like giving away 10% of my rents.

No one is going to care about my property more than me.

I have systems in place that allow my to self manage with minimal time.

I have a great support staff that I can text when there is a repair that is needed.

I rarely take calls from tenants and tell them to text me to keep from getting caught up in their drama.

If they don't pay rent on time and it is a repetitive problem I file an eviction to train them they must pay on time or go somewhere else.

They can pay rent with Zelle, paypal or deposit rent into my bank account (most deposit into my account)

It is their job to pay rent on time I do not collect or chase rent it comes to me.

My rental portfolio is very passive with little interaction required by me.