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All Forum Posts by: Jasmine Thermitus

Jasmine Thermitus has started 1 posts and replied 4 times.

Quote from @Jasmine Thermitus:

Hello Everyone,

I recently moved from Boston to North Providence and purchased my first property. It has been a little over a year now.  I'm planning to turn it into a rental and was wondering if I should consider hiring a property manager for my first rental. I've done quite a bit of research on my own, but I’m curious to hear your thoughts on what might be the best approach.

Thank you in advance for your advice!

Thank you all for your responses I am going to look into managing this one myself to understand more about what goes into managing . Since this is my only property I do not mind and with my flexible schedule I am able to spend time doing this. 

Again thank you all !!

Quote from @Anthony Thompson:

Hi @Jasmine Thermitus welcome to Bigger Pockets and congratulations on getting started on your real estate journey!

If you are able to manage it yourself, I think you will get a lot of very helpful education in real estate by spending a least a year or two doing that.

You'll be able to work with property managers a lot better if you've done the work yourself for a bit, and it also helps to get familiar with the various laws and regulations you have to comply with as the owner, even if you do have a property manager in place (e.g., the new RI rental registry and associated lead paint inspections/certificates).

It's up to you whether you're able to do it, but I think you'll get a lot out of the experience if you can try it for a year or two.

THANK YOU ANTHONY! I love to learn so I appreciate your advice !

All the best-
Jasmine T

Thanks so much for your response!

In terms of distance I will be about half hour away so not bad at all. It is a townhome , Ive done almost all repairs since moved in that needed to be done so I would not mind . Thanks again!

Hello Everyone,

I recently moved from Boston to North Providence and purchased my first property. It has been a little over a year now.  I'm planning to turn it into a rental and was wondering if I should consider hiring a property manager for my first rental. I've done quite a bit of research on my own, but I’m curious to hear your thoughts on what might be the best approach.

Thank you in advance for your advice!