What do you think? Switching from Property Mgmt. to Self Managed

[Rema W.]

Hi, I have a few properties that I'm transiting from being managed by a property management company to being self-managed. 

I'm putting together a plan to self-manage. 

What are some of the things I need to consider? What do you think about the plan?

• Have Them Sign New Leases - 
  • I need to have them sign new leases with me instead of the property mgmt company
• Work out rent/payment details -
  • Online Pay - I plan to offer online rent pay options through Apartment.com's property management tool
  • In-person Drop Off / Mail-In option / Night Drop Box 
    • I have a local credit union with multiple branches. The tenants will be able to pay in person at the branch or use the night drop-off box. Or mail in a money order. 
    • The tenants will need to indicate my telephone number as the account and their address and the credit union will apply their rent to my account. 
  • In-Person Pick - I have an older tenant where we picked up the check from her house. I plan to continue this. I have a Father in law in town how'll drop by. 
  • Maintenance - I have an on-call plumber and electrician and a general maintenance man, who'll I call when needed.