Advantage
Drawbacks
1
 Find your tenants and manage the property yourself. Rock on. Call me if things go to hell. I charge flat rates for evictions, repairs or holding your hand.
You can stay on top of your own investment.
 Don't even try this unless you have experience. You will get eaten for lunch in Las Vegas.
2
 Use a full service property management company. If you don't ever want to hear, see or smell your tenants, use this company. Triumph Property Management. They charge about 8% of the gross rent, $500 up front and 10% above repairs. Contact them if you want more details. You can kick back and let someone else deal with the headaches. You will get the least amount of cash out of your property.
3
 Use me for specific tasks. I can find your tenants and hire other folks do repairs or maintenance for a flat rate. Rates vary but I charge 1 month rent to find you a tenant. Monthly payments go directly to you and you are on the hook for repairs and collections. If you want to compromise between full service and self service, this is the best option. You have to manage your own tenants.
4
 Allow a lease with an option to purchase on your investment. I network with everyone in lease/options in Las Vegas. We move about 3 properties a week and are the guerillas of lease/options. This is the only method I use with my own personal properties. This gives you the most cash out of your property. There is a chance that the buyer/tenant will purchase your property. You can lose money at the back end of a lease/option.