Multi-family housing can be an excellent way for people to diversify their investment portfolio while generating passive income. However, before purchasing a multi-family property, buyers should consider how they want to manage it. Will they become an on-site landlord or live elsewhere and hire a property management company?
These are big questions because not everyone has the desire or time to be a hands-on landlord. While some buyers prefer using a property management company, others may be thrilled at managing their property. Here's a comparison of these two methods.
What Is a Property Management Company?
A property management company is what its name suggests: a company that manages properties. When someone hires a property manager, the…