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I wouldn't dream of doing it myself as I don't have the time or the knowledge and have enough on my plate... However if I didn't have a PAYE job, and had the time to study on how to do it correctly/leagally AND was hard enough not care about the hard luck sob stories from tenants, I would...

A REA I know has a mate that has so many IP's, he now has a full time PM who he employs himself. If I was paying out more than the PM's wages in fees, I would do this as well. At least they would have to concentrate 100% on your properties. I can only dream of this scenario. Would be nice...

After a bad experience with a PM, I now have what I consider to be a very good one but I would recommend you inspecting the place after a tenant leaves. Its YOUR investment and I dont think the best PM in the world is going to care as much as you. I recently had a vacancy and picked up 3 things...