By representing yourself, you throw all that experience out the window and open yourself up to mistakes.

We see many investors doing this, but for many, it's a mistake!

@Sharad BoniRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

If you find a problem, deal with it immediately by making the tenant correct it within X days (and verify with another inspection) or remove them from the property.Most DIY landlords lose more money to simple mistakes than it would cost them to hire a professional property manager.

I am afraid I made a great mistake.

@Mirlyne AndreRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

But progress comes from embracing those mistakes and learning from them.

Think of it as a (hopefully not too) expensive lesson on the ins and outs of deposit management; I bet you won't make the same mistake again!

You are making a grave mistake by looking too far ahead right now, without capital, because that usually means you aren't focused on upgrading and securing your first asset.

It was my mistake that assume 2021 property tax is paid at the transaction.The derogatory happen in 2024 when the title is in my name.