Ready to rent out my first 5 unit multifamily

[Mirzet Mehovic]

So our 5 unit multi-family is ready to rent. I'm more than halfway through the managing rental properties book from bigger pockets and it is great and detailed. I love the forms they give as a bonus for buying the book and feel so much more prepared.

I still wonder if I can manage it or should I hire a property manager? Or at least a realtor to tell me the going rates for rentals that I could get in the area? Is that something they do for free or will I have to pay which I'm willing to do but will they even deal with me if I dont intend on them finding renters for me for a fee? I'm worried if I do it alone I'll get lower rates.

Any advice on this or anything else for first time landlords is greatly appreciated. 

[Terrell Hill]

@Mirzet Mehovic I personally started out with a great umbrella policy and I managed and still do manage 20+ doors myself. I think managing your self as you grow gives you the opportunity to pick the appropriate management when you grow to that point of need because you have experienced all that there is for yourself. The experience will help you select the right management when you are ready, because you know what it takes.