All Forum Posts by: Alex Goodwin

 13 

Great insight, Misty.  Thanks for the feedback. 

Hello,

My partners and I are having a disagreement about if we should hire a property management firm for our portfolio.  We have a goal in mind of a hundred units or so.  My thought process that while hiring a manager will have a cost of 10% or so, the time saved not dealing with tenant's (replacing tenants, setting up payments, phone calls, etc...) will allow us to scale to the desired number at a faster rate. 

My partners can only see the cost of 10% and what that equates to from dollars we "give up" by not managing ourselves.  I would rather have a professional do it than people with little to no experience - especially once we have dozens of properties.

Can anybody give some advice on why to or not to hire a manager?  Success stories?  Am I thinking logically? 

Best,