Considering Hiring a Property Management Company?

When I meet with new investors, this is often a major part of the discussion. Who is going to manage the property? Are you going to collect rent, but have someone else do the maintenance. Alternatively, maybe you see this as a hobby and want to do all the maintenance. Other investors see this as a passive investment and are not interested in even knowing the names of their tenants.

Chris Thorman wrote a long post of many things to think about when you are considering using a property management company. Go over and take a read at software advice.

1 comment

#1mn mlsApril 19, 2010, 1:02 pm

I do think working with a property management company can be an excellent way to leverage your time as a real estate investor. Many times clients are concerned about the effect on cash flow. But I would propose that your time needs to be looked at just as closely. Thanks Scott!

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