Managing your own investment property can potentially save you money. But it can also be time consuming and is rarely stress free. But if you decide to give it a go and have the time, patience and willingness to learn new skills, it can be very fulfilling as well as cost-effective.
I have a friend who successfully managed a block of 10 rental flats in a NSW regional city for many years until she sold it to fund her retirement. It was her hobby, and she was across every detail – even reminding tenants it was bin night – and it certainly provided a good income, which she did not have to share with a managing agent. Her main
