With mutual trust, your agent will be able to put more time and care into your searches, evaluating properties for you, and not having to worry if their time will all be for not.

Appliances do break and you need to be ready take care of the bill when that does come around. 

Investors considering his services should be very careful.

Please be careful with your posts.

If you make the person an LLC employee you can get around it, but partner does need to be careful. 

Definitely tread carefully here to avoid any discrimination claims!

We have never collected that and it is not a significant cost.Also be very careful changing criteria mid stream, I would only change it between vacancies. 

And all properties need to be managed and supervised numerous times per year; giving residents the idea that no one is watching and/or no one cares will be a sure recipe for disaster. 

If something happened to me, I wanted my wife and kids cared for.

I think every market and every person have their own reasons, but here are some thoughts from a property manager.Pros for self managing / cons of PM- Keep all the revenue- You have 100% control- You own listing, photos, etc- Nobody will ever care about your investment as much as you do.Cons for self managing/ Pros for property management- This is a 24h / 7days a week business and I imagine you have at least somewhat of a life I imagine.