You did so many things right to get to this point as a rental property owner. You saved for a down payment. You did your market research to find renter preferences and price-matched rates. Then you finally purchased and remodeled your property. Now, you are ready to put up that “For-Rent” sign so you can start accepting applications.
You worked hard – not just anyone can get here – but let’s pause for a moment to correct a mini-myth that may make a big difference to your profits over time. It probably shouldn’t be you putting up that sign.
Myth: Self-management saves time and money.
Fact: In retrospect, many seasoned investors consider self-management one of their biggest mistakes. Do-it-yourself (DIY) Sacramento rental property management is time-consuming, money-exhausting, and profit-depleting.
Let us explain.