Re:A global house-price slump is coming
by mjthrowaway1 on Friday October 21, 2022 @03:09PM
(#33291890)
As a single property owner a management company is going to give you the B team or C team. You simply don’t bring enough to the table to matter.
This is 300% the case, and they don’t care about you, either.
You’re probably better off finding a good tenant and paying the tenant to manage themselves, paradoxically.
Rental management for the most perfect possible tenants (parents) is still a moderate annoyance and more expensive than expected. Without appreciation I’d be below zero, and even with it I’d have to do some serious work to figure out how much I’ve “made”.
On the other hand I watched my wife tell a male owner that she would not accept a rent increase and he backed down.
Overall if you only have one property, have the right skill set and personality I would say you are better off doing it yourself. If you cannot say no to a young woman then you had better let someone else take care of it for you.