Detroit Property Manager or Landlord w/House Hack

[Brandon Johnson]

Hey BP Family,

Wanted to know if you all could share your opinions and thoughts on being a landlord vs hiring a management company. My main concern is trusting them to screen the tenants and choosing them since I’ll be living above them in a duplex.

Do you all know if I have the opportunity to let them know what requirements I want to set for rental qualifications?

Also is there a management company near the Detroit area you would recommend from experience?

Any and all comments/feedback is helpful.

Thanks,

[Drew Sygit]

@Brandon Johnson there is some truth to what the others have posted, but with caveats.

No one will CARE about your rental as much as you do! We manage for several owners that recognized they were NOT cut out to deal with tenants, so they hired a PMC. Many PMC's are better than owners at screening prospects, chasing part due rent, evictions, etc.

So, if you know you want to be an invested, but don't want to deal with tenants, there is nothing wrong with that.