Real Estate Investing Tip! Hiring a Property Manager vs. Self Managing: What’s Better? with Team Thayer Key Realty Group Inc.
Hiring a Property Manager vs. Self Managing: What’s Better? 15 have made the case that buy and hold real estate investment is the best investment around. However, it comes with two major challenges. The first is financing , which I covered last week . The second is property management . Without good management, even the best purchases can go sour. Property management is the very lifeblood of any successful hold. And because of this, it can never be neglected. When approaching this challenge, the first question to ask is simply whether you should manage yourself or hire a management company to do it for you. My personal sympathies lie with managing yourself and eventually setting up your own management company. Much of this probably comes from having had some bad experiences with management companies in that past. We’ve been overcharged, misled, and we watched helplessly as properties were run into the ground by b...