According to The Iceberg Report, a comprehensive study of the SFR real estate investment industry, almost 50% of investors manage their own rental properties. The other half either use a third-party vendor entirely or designate certain responsibilities to third party vendors.
Here are some of the tasks involved with landlording and how investors are managing them:
- Rent Collection:
- Self Manage: 52%
- 3rd Party: 35%
- Self and 3rd Party: 11%
- Other: 2%
- Repair and Maintenance:
- Self Manage: 31%
- 3rd Party: 27%
- Self and 3rd Party: 38%
- Other: 4%
- Accounting and Bookkeeping:
- Self Manage: 53%
- 3rd Party: 18%
- Self and 3rd Party: 26%
- Other: 3%
A large 48% of investors are finding tenants themselves. Here are some of their methods:
- Online ads: 22%
- Zillow, Craigslist or other rental site: 17%
- Yard Signs: 16%
- Print Ads: 4%
Want even more from The Iceberg Report? Check out our "How Investors are Financing Their Rental Properties" or download your free copy of The Iceberg Report.
Related: How Investors Are Financing Their Rental Properties, How to Choose a Property Management Company, How Landlords Are Utilizing Property Managers
