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Updated almost 2 years ago,
our first rental property
good afternoon! i am a fellow real estate rookie and have been interested for a very long time. My wife and I are in the process of buying another home, and we are going to rent out our current house we have now. Based off the comps from the realtor, we can get about 2k a month. Mortgage is 1550. so it will definitely cash flow, even if we need to lower the rent to be competitive to get it leased. My question is, being that it will be our first rental property should we hire a property management company or try to self manage for now? end goal will be to have multiple properties, so we will likely have one at that point. but we're conflicted because we feel like we could handle it.