Managing my first Investment property
Just bought my first investment property in Brisbane and I’m planning to rent it out for the next few years. I’m trying to cut down on ongoing costs where I can, so I’ve been thinking about giving self-managing the property a go instead of paying full property management fees.
The thing is, I honestly don’t really know where to start yet.
From the quick research I’ve done so far, I’ve found a few self-management platforms like Cubbi, Managed App, RentBetter and PropertyNow that seem to help private landlords handle things like advertising, leases, inspections, rent collection, etc.
For those of you who self-manage:
Is it actually worth it?
How hard is it really?
Any big mistakes or things to watch out for?
Which platforms do you recommend?
Would appreciate any advice, experiences or recommendations from people who’ve done it before.