Just do be aware that if the problems get too big the property management firm will walk, leaving you with the bag.
Insurance can only do so much to protect against that, but the worst case scenarios are thankfully relatively rare.
Insurance can only do so much to protect against that, but the worst case scenarios are thankfully relatively rare.
i made the shift because i was tired of having to deal with every minor crisis myself, take time away from work to (for example) meet prospective tenants, get a new AC installed, handle the make-ready process, etc. i had a good long stretch with one tenant that was low-maintenance but they moved out suddenly with very little notice (add managing the lease agreement to the list of stuff i don’t like doing as a landlord) and a lot of work i had to do to clean up after them.
all things considered, i’m happy to fork over 5% each month to someone else to deal with those headaches.