Passive Real Estate Investing TBT:The Pros and Cons of Self-Managing Your Properties
May 9, 2025
Join Steve White, Founder and CEO of RentPrep, as he dives into the world of self-managing rental properties. With 20 years in the credit industry, he shares the rewards and challenges of being a hands-on landlord. Discover the traits that lead to successful self-management and when it’s wise to outsource. Steve offers practical strategies for navigating tenant issues, including the 'cash for keys' approach, and emphasizes the importance of adaptability in property management. Perfect for those contemplating the balance between control and delegation!
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Choosing Professional Management
- Steve White prefers using a professional property manager due to his busy lifestyle and family time.
- He compares it to not cutting his own lawn because he values his time more.
Know When to Outsource Management
- Many landlords hold on to self-management too long despite signs it's not working.
- Self-awareness about personal fit for managing properties can prevent burnout and costly issues.
Scaling Challenges of Self-Management
- Self-managing works for smaller portfolios but scales poorly as demands increase.
- Expanding landlords often benefit from hiring professionals to save time and reduce stress.