Property Manager for Rental Arbitrage

[Connor Seymour]

Hey everybody, I am currently in the process of getting my first rental arbitrage unit running in Louisville, KY. I plan on completely self-managing it for a while, to really get the feel of how everything works, but the goal is to make it a scalable business. I am not really worried about finding a cleaning service, but rather finding someone that is reliable to handle the small things like a broken piece of furniture. 

I am currently attending a small college close to where that unit is, so I am currently able to handle everything like that. However, I might be looking to transfer to a college out in Phoenix. Does anybody have any tips for finding somebody that would be willing to do that kind of work for a single apartment unit? I would need that person/company to effectively act as the property manager/handyman, as they might have to accommodate to some guests requests every now and then.

[Michael Baum]

Hey @Connor Seymour, I am with the others on this. Arbitrage in and of itself is a less than stellar idea as an investment. Adding on a PM fee to that makes it a terrible idea.

A PM will usually eat up most if not all of your profits and you are building zero equity with arbitrage. Sounds like a lose lose to me.