Should I manage my own properties?

Many investors consider managing their own properties at some point in time.  For many of these investors the time commitment and management headaches can quickly become too much to deal with.  Investors should also remember that their time most likely is better spent searching for additional investments than managing the day-to-day operations for their property.  Trying to manage your own properties can actually cost you more money in the end than hiring a professional.

With that being said, here are a couple tips if you do decide to manage your own properties:

  1. Understand the time commitment going in – properties do not manage themselves. If you plan to manage your own units, you need to be ready to put in the time. Tenants are going to call for items when it is not convenient for you. There are going to be times you need to deal with rental property issues when you would rather be doing something else. Just remember if you are going to manage your own units, this is necessary.
  2. Screen your tenants properly – One of the biggest mistakes of first time property managers is not properly screening their tenants. Many owners are so concerned about getting a vacant unit rented that they do not perform the proper checks. Getting an unqualified tenant in your unit is worse than it being vacant and can easily end up costing you thousands>
  3. This is a business! – For you to maximize your financial return you need to operate your properties like a business. You will be put in positions where you have to make tough calls on a regular basis. You have to be willing to make these calls - it comes with the territory.
  4. Reconsider using a professional – Many people think that by managing their own properties they will save money over using a professional. The right property management company should pay for themselves. Blue Frog Property Management understands how manage your properties to maximize your financial return.
Download our Business Partner Package to see how Blue Frog Property Management will maximize your return on investment.


No Very

Captcha Image

CALL US 920-521-9006

Open Monday - Friday 8am to 5pm
Saturday & Sunday by Appointment

Copyright © Blue Frog Property Management. All Rights Reserved.
Website designed and developed by PMW | Sitemap