Hey everyone! Let’s talk about self-managing rental property. This means handling everything yourself—marketing, tenant screening, maintenance, and rent collection—without a property management company.
Why do it?
Save money (no management fees)
More control over decisions
Hands-on experience if you enjoy it
Key Tasks:
Market the property & screen tenants
Handle leases & rent collection
Manage maintenance & repairs
Challenges:
Time-consuming if you have multiple properties
Dealing with tenant issues or late payments
Staying on top of legal regulations
Tips:
Set clear expectations with tenants
Stay organized with tracking tools
Know your legal rights and responsibilities
What’s your experience?
Do you self-manage your properties? Share your tips or challenges below!👇