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Updated over 4 years ago on . Most recent reply

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28
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11
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Chase Kimbrell
  • Rental Property Investor
  • Fairbanks, AK
11
Votes |
28
Posts

Can I manage a property, get tenents, then get a property manager

Chase Kimbrell
  • Rental Property Investor
  • Fairbanks, AK
Posted

I had always planned on getting a real estate manager for my properties. Eventually, I will be moving out of New Mexico, and I will need to have a real estate manager for my property when I leave. I have a potential customer lined up, but I don’t have a manager lined up. If I did my due diligence with this customer (background check, credit check, proper lease agreement, etc) would it be difficult, wrong, or illegal to get a property manager for the property before I leave next year?

Most Popular Reply

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868
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801
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Tracy Streich
  • Real Estate Broker
  • Tulsa- OKC Oklahoma
801
Votes |
868
Posts
Tracy Streich
  • Real Estate Broker
  • Tulsa- OKC Oklahoma
Replied

Just because you can does not mean you should.   If you are already planning on getting a PM I would do it from the start for several reasons.   1. You are out of the contact loop.   The tenant will never have your number.   If you place them then hire a PM they will call you every time the PM tells them no or tries to collect rent and they have an excuse. 2. It sounds like you would do it yourself long term if you were staying.   Why not be present while you are testing out a PM to make sure they work out?   A lot easier to make a change if you are right there. 

  • Tracy Streich
  • [email protected]
  • 918-728-8080
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