How early in your investment journey did you hire a property manager?

[Immanuel Pierre]

Today I own two properties, one is a long-term rental and the other being my primary resident. I am looking to buy a third within the next  6-18 months as a long term rental. I am leaning towards just getting a property manager for this place although I do not have one for my first long-term rental even though it is out of state. My thought process is I am getting into real estate for more income and looking to reinvest the profits back into real estate. So if I want to scale self managing is not the way to go. But, I have been self-managing up until this point and it has not added much additional stress to my life. Just looking for others personal experience and thought processes on the topic.

[Gavin Little]

@Immanuel Pierre I work as a PM in Oklahoma and many investors like yourself ask me this question all the time. There is no correct answer. If you enjoy self-managing and it isn't eating up much of your time, I would say continue until that changes. However, in my very biased opinion, a PM provides much more value than simply managing your property. For example, we take professional photography to aid in the leasing process, put tenants through a thorough screening process, handle small repairs to large renovations, represent you in any potential eviction issues and can also assist with the buying & selling of your properties. If you ever have any PM-related questions, don't hesitate to reach out!