Reader Question – Can I Rent Out Property After Hiring A Property Manager?

This is the next installment in the Reader’s Questions Series, which highlights questions emailed to me by you, the readers of Money Q&A.

Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if I feature your money question on a blog post. If you’re not familiar with Dave Ramsey’s book, you should run right out and get it. It’s one of the top ten best personal finance books you should read. 

Today’s question comes from Jeff who asks about renting his house by himself even after hiring a property manager.

I have been working with a property manager for a few months now to try and find a renter for my home. My wife and I are moving and didn’t want to sell our home. After a few months of trying to find a renter, the property manager still didn’t have the home rented. I started placing my own ads for tenants and finally found someone. Can I still rent out my property to someone after hiring a property management firm?

Rent out property with a property management firmThis question raises a couple of red flags. It makes me wonder if you have chosen the right property manager. There are many questions to ask a property manager before you hire them to ensure that they are a good fit for your family and that you feel comfortable with their work. After all, you will be entrusting them with your most valuable asset, your home.

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