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Updated over 5 years ago,
Help learn by being a property manager?
I have a property under contract and I am supposed to close 9/27/19 (2 days from now). I have one other property that is managed by a property manager. This new property that is under contract is in a different area, heck different state for that matter and it will be my first BRRRR. I want to manage this property because I feel like it will better help me improve my knowledge in what is needed as a property manager. I do not have much time right now, as I work 60ish hours a week. But if I have the right systems in place for maintenance, rent collection, mortgage payment, emergency phone calls, ect.. I should be just fine??
Do you guys recommend someone working 6 days a week become a property manager for a personal investment? I want to note: this was became an idea when a few property managers told me they charge 25-30% and said that it is national average...which I strongly disagree with.
Looking forward to hearing some feedback!