This is not an “ IF” question, It is a “ REALITY” Question, because…. You Are Going Into Business Right?
Before making this decision it might be worth spending a little time considering the costs involved if you decide to self manage. There are factors to consider that are not able to be measured by a spreadsheet. We all also know how detrimentally important it is in any Real Estate investing plan to crunch the numbers and know what those numbers represent, but don’t overlook the back stage drama you will also be facing that all Property Managers must deal with day in and day out .
The Dalai Lama was once puzzling on Humankind and wisely spoke to the Universal Truth that is not thought of sometimes when making important decisions ~
“Man, because he sacrifices his health in order to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then dies having never really lived.”
If you think about your goals in investing in Real Estate in the Kansas City area and you factor in hiring a property manager when purchasing your investment property, you could be a much happier and successful Real Estate Investor. Are you purchasing a second career, or do you just want to add Real Estate to your Investment portfolio?