Ever wonder if you should self manage your rental property or turn it over to a professional company? When I first started investing in Arizona 15 years ago, I asked myself a better question. Would I manage my neighbors property by advertising, screening tenants, signing the lease, collecting rent, taking maintenance calls at all hours and coordinating with vendors, and gathering data for evictions, all while following the Landlord Tenant Laws for a measly $100 a month? The answer was obviously no way.

But there are some reasons why you might want to manage yourself. If you make less than $9 an hour, are a micro-manager at heart, or have not been released from that emotional tie to your home. Those are some reasons why using a property management company may not be all that pleasurable for you. If you don't fit in those categories, check out this video about managing rental property. (Contributed by investor George B)

Video on how to manage my rental property (just over 3 minutes)