As some of you may know, I have a rental property and even though everyone thinks DIY may help save money, but it actually can cost a lot. I put in a lot of time, doing everything from advertising to showing and maintaining the property. These tasks can be very time consuming and sometimes end up costing me time away from work. The commute for me is far, because my rental property is more than 2 hours away from my home. Eventually, I got tired of dealing with bad tenants and hired a property manager. I only deal with him and he deals with the tenants. He takes a cut from me every month, but it’s worth the money, because it saves me time and frees me to do other things.
All Property Management has an infographic that explains DIY vs. Professional Property Management for landlords