How much work is self managing a property?

[Reese Donohue]

Im considering self managing my first rental but id like to hear your experience managing your own. How often are you actually at the property. My biggest concern is physically having to go to the property on a frequent basis. I live 40 minutes from the market im looking at.

I know leasing and large repairs will require my presence. From what i understand landlords can have most small repairs arranged between the tenants and the contractor. Im curious how often you physically go to the property. 

[David Tyrawa]

My experience is after the first month of rehabbing and leasing maybe one or 2 trips a year. We have soon to be 15 and I can think of one or 2 that me and my partner haven't been in 2 years. ( Long term tenants that always pay on time and fix minor issues themselves. When they do they provide receipts with lowered rent for the month) as long as you have few contractors on speed dial to fix issues I believe it's more time leasing than anything else. When I get to 40 or50 units I will be looking for management but that's so I can step away and enjoy raising my kids