Quote:
Originally Posted by aigel
I've done it both ways.
The big pro about using a property management company is that you are one step removed from the tenants. Legally and in terms of hassle. Their drain is clogged on Xmas eve? Not your problem. They know the law when something goes sideways and when looking for a tenant.
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This is a big reason why I use a good property manager for ours. They're also realtors and have been able to effectively screen and fill vacancies quickly. I deal with repairs when it's something in my field of expertise and I'm available, they deal with it when it's something I am not an expert with or when it's a very inconvenient time.
It's a shame it's such an incredibly strong seller's market right now; I actually like picking up places, refurbing them and renting them out. Right now flippers are running around like mad and from what I've seen workmanship is right back in the toilet again.