Single Family Home - Property Manager or Self Manage?

[Anthony Hidalgo]

Hello,

We are in the middle of closing on a house, and the loan officer stated we needed to submit an executed lease prior to closing (move in date can be later) or we will lose the loan.  We have about 2 weeks, and a possible tenant lined up.  We have a rental property in Texas and one in Kentucky, but those are both through property managers that have been awesome.  

We want to try managing this property ourselves since we plan on retiring in Colorado Springs.  The issue is I have a deployment coming up that will take me away for about 9 months.  I have very little time to get this executed so we can close on our new home.  Any information on the pros and cons, and where I can get a Colorado specific lease agreement would be helpful if we do plan on going the self managed route.  If you are local to Colorado Springs any referrals for property manager's that can fill this ASAP.

Thanks, look forward to the responses!

[Nathan Gesner]

Quote from @Anthony Hidalgo:

Part-time effort results in part-time success. If you want to build a company, learn all you can and then hit the ground running hard. I have a friend that worked for me for five years before getting married and moving to another state. She started her own PM company and was up to 150 units in a year, without any advertising. If you know what you're doing and you're good at it, growth will come quickly and you'll be earning a decent living in under two years. If you really put the effort in, you'll be earning a six-figure income in less than five years and loving life.