Does anyone have experience self managing with cozy
Curious if anyone has used and can tell me about Cozy. I've been looking for a property that can support management. The equity I have available is going to put me between 8 and 12 units. My broker mentioned that's on the very low end of supporting management.

My understanding has always been that managing your property is basically a full time job. I have a high paying job I enjoy and I'm not particularly interested in taking on a second one. But saving 7% sounds pretty nice.
[{"id": "fapod1k", "text": "I'd built the 7% into your numbers. That way the deal still works if you decide that property management isn't for you. 8-12 properties is just enough to be a hassle, but not enough to hire an assistant.", "replies": [{"id": "fapzhs8", "text": "Yeah, I was definitely planning on doing that. Odds of self managing are fairly low. If I started doing contract work my billable is way higher than that 7%. \n\nJust thinking out loud here. One upshot of self managing is it would give me a more intimate understanding of running these properties.", "replies": [{"id": "faqe2pl", "text": "&gt;Just thinking out loud here. One upshot of self managing is it would  give me a more intimate understanding of running these properties.\n\nThis is one of the benefits of self-managing. Nobody watches your money like you do. A common tactic is for someone to buy a few homes to start with and self-manage those to learn the ropes. After they understand what type of vacancies, maintenance expenses, etc are normal, then they hire out the work to a property manager. An alternative to this is to find a property manager that someone in your network can recommend.", "replies": [{"id": "faqsc47", "text": "So you think it might not be a bad idea for me to self manage my first property? I'd probably go with the incumbent manager the first year then then self manage after. I feel like I'd be more prepared after a year of ownership", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fashnpq", "text": "I use Zillow Property Manager for my first four properties and it\u2019s no cost to the owner. With Zillow they handle the applications, I approve final tenant and signing the lease, and the tenant pays rent through Zillow as well. All my properties were full rehabs so on going management is pretty minimal. My suggestion would be to self manage so you can really understand operations and as you scale, underwrite the management fee into your deal that way you can add a company down the road if you want to.", "replies": [], "depth": 1}]