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Updated over 4 years ago on . Most recent reply

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13
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3
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Isaac Isaia
  • Investor
  • Springfield, MO
3
Votes |
13
Posts

Advice for transitioning rentals from PM to self-managed

Isaac Isaia
  • Investor
  • Springfield, MO
Posted

We are looking at possibly moving from a property management company who has been great for us and charges us a 9% management fee. They always fill our properties and their maintenance costs are very inexpensive. We are looking at possibly transitioning to self-managing our properties. We have seven SFH's now and plan to add at least two more rentals per year. What are some of your criteria that you use where it makes sense to self-manage over property management? Thanks!

  • Isaac Isaia
  • Most Popular Reply

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    6,603
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    Bjorn Ahlblad
    • Investor
    • Shelton, WA
    6,949
    Votes |
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    Bjorn Ahlblad
    • Investor
    • Shelton, WA
    Replied

    @Isaac Isaia I think your time would be better spent on growing your business instead. Networking, finding a pipeline for off market deals, getting into MF etc. There are not many opportunities to generate a decent return on effort by self managing (too many minute details) especially since you have a PM you are happy with.  All the best!

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