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Updated over 4 years ago, 06/15/2020

User Stats

37
Posts
12
Votes
April Littleton
  • New to Real Estate
  • Dayton, OH
12
Votes |
37
Posts

Newbie: Self-manage or Property manager?

April Littleton
  • New to Real Estate
  • Dayton, OH
Posted

Hi! I will be closing on my first property, a duplex, May 18 in Dayton, Ohio. My plan is to house hack and start a property management business and manage the other half through my own property management business. As I get closer to closing I'm just not sure anymore. Am I trying to bite off more than I can chew? is it better to self-manage or get a property manager starting off and only having 1 unit to manage? And if I go the route of self-manage do I incorporate or set up an LLC for security and tax benefits?

Any advice or book will be highly appreciated. Thank you. I just really want to make sure I go into to this right so that my kids are good.

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