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Should You Self Manage Your Real Estate Investment Property Or Hire A Property Manager

When it comes to any type of investment owners are looking to makimize their investment rate of return.  When it comes to real estate investing owners may consider taking on management of the property in order to boost the cash flow.  While boosting cash flow generally makes sense from an investment perspective one must temper that with whether they know how to be a good property manager.  All it takes is one bad tenant to quickly drive cash flow down possibly even making it negative.  Self management of investment real estate takes more than just going to the building and collecting rents.  Without the proper systems in place apartments can quickly degrade through tenant abuse and the property owner needs to be around to take action if a tenant gets locked out, there is some damage to the property or more.  While self management may look like it will save you money in the short term in the long term with the headache and time needs involved you may not end up saving money and instead could make your investment a negative return.

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Written by RealCincy

Real estate agent licensed in the states of Ohio and Kentucky. Work in the Greater Cincinnati and Northern Kentucky real estate markets.

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