Would you use a PM when picking up section 8 properties?

[Rei Reid]

Would you recommend using a property manager to manage section 8 properties?

Looking at a section 8 property that already has long term tenants in place (1 for 15 years, 1 for 5 years). Sounds like it’s pretty much covered through the government so seems I could save on PM costs. Thoughts?

Anything else we should consider when looking at Section 8 properties?

[Tracy Streich]

Don't fall into the trap thinking property management is just collecting rent.   This is  a very small part of what a PM does or in fact what anyone does while managing a property.   Applications, background checks, employment verifications, fair housing, postings, collections, 24 hr maintenance calls, coordination of vendors, late payments, move in inspections, move out inspections, general complaints and excuses.    These are just a few off the top of my head.   Can you do it yourself?  Sure you can, but just make sure you know what all is involved.   If you think it is just collecting rent you will shocked into reality rather quickly.