What would be a better choice managing a rental property yourself or using a property Manager?

Sharn asked:

Is it better to manage your own rental property yourself or use a property manager from a realestate agent, And if you do it yourself how much money would I save?

Comments (4) Posted in Renting & Real Estate

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4 Responses to 'What would be a better choice managing a rental property yourself or using a property Manager?'

sleekwalrus - August 13th, 2009 at 7:00 am
it would vary how much you would save. In my experience I would urge you to have a company to manage the property. They take away all of the hassle and will find replacements much quicker than you can yourself.
blade - August 16th, 2009 at 6:42 pm
It would vary how much you would save. In my experience I would urge you to have a company to manage the property. They take away all of the hassle and will find replacements much quicker than you can yourself.
Nickyb - August 17th, 2009 at 7:51 am
A management company, they can advise you on all the regulations and sort out the legal contracts etc… for you.

Let them deal with it for 6/12 months, you could then always take over the managment if you feel more confident.
bell_larry - August 19th, 2009 at 10:08 pm
If you are in the same city, and you have access to a real estate attorney who can draw up the lease, and you don’t mind following up collecting the rent each month, and you have a handyman available to fix things, then save the 10 to 15 percent.