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Updated almost 5 years ago on . Most recent reply

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11
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Derek Andrews
2
Votes |
11
Posts

Use a PM to find a tenant vs DIY

Derek Andrews
Posted

Greetings.  I have a single family home that I want to rent.  Using a PM to manage the property isnt preferred (because I'll only break even, literally).  My plan was to just use a PM to find a tenant (and they'll take the 1st months rent as payment).  Im uncertain if I should use the PM for this or search for a tenant myself?  I literally wouldnt know where to start.

Thanks

Derek

Most Popular Reply

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6,017
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,058
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6,017
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Derek Andrews if you are going to self manage then you absolutely should place the tenant yourself. I still manage 32 doors out of 58 here in the Berwyn and Cicero area, and I can tell you that the LAST piece I will give up is leasing. If you get a great tenant, it solves 90% of your problems in this business. 

  • John Warren
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