It’s an interesting approach, but ensuring a strong screening process and a legally solid agreement is key.

While living with tenants can pose challenges like privacy concerns and tenant relations, clear boundaries, professional management, and proper tenant screening will help you succeed.

If you’re sourcing one on your own, ask about their marketing strategy, tenant screening process, eviction procedures, and communication style.

You'll really need to screen your property manager/contractors.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Hello everyone, what should I look for When I inspect/ tour a condo for the first time? ( Regarding interior, and not HOA, management, location)Anyone has experience renting for snowbirds? I was told that a ground-flo...

New year, new laws (Senate bills 205, 206 & 207).Effective January 2, 2025, Michigan landlords can no longer consider a tenant's source of income when screening them. 

With proper tenant screening and systems in place you can absolutely be a successful landlord.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

@Sebastian NadalI've used Zillow Rental Manager to screen my tenants and have found it effective.