Transitioning from Self Management to Property Management

[Wendy S.]

Good Day everyone!

So house hacking is talked about a lot and even serial househacking. Ok, I agree it has served me well with the few I've done and allowed me to quit my day job with income left over to save a tad monthly based on a very modest lifestyle.

I have been fortunate to have great tenants, amazing even, with just 1 that was a nuisance to the other roommates and I was able to get rid of with minimal cost. ( Mark you, this tenant I didnt completly vet except for the background and credit checks, then handed him over to someone else to complete the process). Lesson learned, if it aint broke dont fix it and stick with your systems.

Now what I don't hear talked about as much is moving from self managing those properties to hiring a property manager to do it.

How do you get a property manager to take over, bearing in mind the model is rooms rented MTR to LTR? Is this like student rentals and what's a viable way to move forward? Each roommate is on a separate Rental Agreement.

I asked a similar question before and only had 1 question vs a suggestion, which I still appreciated.

So for those that have scaled and gotten a property manager, how did you do it?

Properties are in B+ and C+ areas, remodeled before tenant placements so just regular maintenance. Little turnover, after PITI, Capex, etc with generous allowances monthly, cash flow is between $1,200 to $1,900 per property, so I'm willing to take a reduction on this so I can scale.

So please, I would appreciate any input on how to move forward.

Any recommendations for licensed Property Managers?