Signs You Should Hire
- You don't live near the property
- You have more than one rental, or plan to
- You don't have time to respond quickly to tenant issues
- You're unfamiliar with landlord-tenant law in your state
- You've had bad experiences with tenants in the past
- Your time is worth more than what you'd save self-managing
When Self-Managing Works
- You live nearby and enjoy the work
- You have one property and significant flexibility
- You're comfortable with legal compliance
- You have a reliable vendor network already in place
Key Questions to Ask Yourself
- How much is my time actually worth?
- What's the cost of one bad tenant placement?
- How long can my property afford to sit vacant?
- What happens if I'm unreachable for a week?