Philly property manager?

[Sean Farrell]

Just starting out - 2 units so far. Is it too soon to be already wanting to hire out for property management? For my philly people reading this, any referrals or recommendations?

Thanks in advance !

[Kevin M.]

I think self-management is great if you are local and have the time to invest in learning the specifics of Philly property management. It will be helpful for you to have experience with the eClipse system, Pulling the required lease disclosures, showing and screening tenants, and working with local contractors for maintenance. It will give you the lay of the land so you can eventually be a better, more informed, absentee owner when you ultimately outsource management. 

However- if you are not local or can’t dedicate the time and energy, I think Philadelphia can be a dangerous market to try to self-manage. There are too many tenant-friendly regulations and the risk with placing a bad tenant is too high. The era of mom-and-pop landlords is coming to an end in Philadelphia because of the regulatory obstacle course the city has built.