Landlord vs. Property Manager: The Myths and the Truth
Landlord and property manager: I’ve been there When I’m in need of some amusement, I’ll occasionally browse through real estate investing forums to see what’s being discussed. I often will leave with a sort of pitiful smile on my face, given some of the nonsense that’s out there. Don’t get me wrong: it’s perfectly fine to be part of online groups. The right ones can be supportive and useful. It’s just that for every experienced, articulate person, there must be 25 people who are “all hat, no cattle” as they say in Texas. Long on opinion and very short on knowledge. I saw a debate in one of these forums about being a landlord versus being a property manager. Both sides went at it, and were 100% convinced that theirs was the right approach, and the other person was full of a cattle product. And it went downhill from there. I am very intimately familiar with being both a landlord and a property manager, having done each role extensively at different points in my re...