Property Management Is Still WorkEven if you only have one or two tenants, you’re still a landlord—which means handling maintenance, lease agreements, and potential disputes.

I am currently living out of state so I have hired a property management company to handle this task, however, my home is still sitting vacant with very few prospective tenants.

It’s awesome to see you channeling your sales and business skills into REI.Those strengths will definitely serve you well.Building a solid team—from lenders and agents to property managers and mentors—is key to long-term success.

Additionally, it provides investors with the opportunity to add a unit on a property they already own, simplifying management since the new unit is in the same location.Finding a vacant lot is both expensive and difficult, so the ability to build, subdivide, and create new development opportunities can make financing easier.

A bonus is if that company also manages and will stand behind that property after the sale to an investor like you.if you have the time, desire, risk tolerance, and knowledge, you can absolutely find and or create deals on your own.  

I learned it was possible to buy investment properties and manage myself from a distance.

As a property manager, I also require landlords place me on their policy as "additional insured" and it extends some protections over to me.

I'm a managing partner at a holding company that does things a little differently, and we have a one stop shop for everything.

The other contributing factor was the poor property management and sponsor asset management of the properties.

I manage MTRs in NC and SC - our SC properties still cover their costs and then some in the MTR space even after my management fees.