Property Manager vs Realtor

[Sean Dezoysa]

As you guys know good PMs are rare and can go bad over time. I wanted to ask what added value that finding and maintaining one, might have over incrementally breaking down their functions to others:

1. Showings and lockbox changes, lease signings, "For Rent" sign placements ---> Handled by agent

2. Tenant screenings, online marketing ---> Handled personally

3. Repair request fulfillment ---> Sent directly to contractor

4. Non-emergency repair requests or other phone business ---> IVR phone menu, leading to voicemails or secretary

I think the agent is the key player, and the rest can be delegated or handled personally without much headache. Curious what others have found.

[Stephen J Davis]

Running single-family really is very easy. I always recommend my students do it themselves up to about 20 houses. Then they should get a PM or move to apartments. I can run 20 units in about 6 hours a month average.