Managing Yourself
There are costs and benefits to managing properties yourself. But if you don’t have a huge portfolio, have sufficient time, and are riding close to the line or (more likely) your property manager isn’t doing a good job, this could be a good option.
Your typical property manager charges 10 percent of collected rents, all late fees, and the first month’s rent for new tenants. Your time isn’t free, so don’t think you are saving all that by managing yourself. But, the cash savings could very well make up for the time and energy costs in some situations.
Post Comment