Self-Managing Rental Properties: A Guide

Key Points:

– Benefits include saving money on property management fees
– Challenges involve dealing with tenant issues and property maintenance
– Automation tools can help streamline tasks like rent collection and maintenance requests

As a landlord, self-managing rental properties can be a cost-effective option, but it comes with its own set of challenges. While you can save money by not paying property management fees, you’ll need to be prepared to handle tenant issues and property maintenance on your own. Luckily, there are automation tools available to make tasks like rent collection and maintenance requests easier to manage. So, if you’re up for the challenge, self-managing your rental properties could be a rewarding experience with the right tools in place.
Original article: https://www.biggerpockets.com/blog/pros-and-cons-of-being-a-self-managing-landlord