This is usually my recommendation for anyone starting out too. It buys you time to learn and prevents simple mistakes that can cost you money. Once you have done it for a few years you'll have seen a lot of the basics and can start doing things differently. That is exactly what I did, started with a real estate company that did my rental management and then as I grew more comfortable and had built up my list of trusted people I stopped renewing with the agencies.
I actually found out that in many cases my background checks were catching stuff the rental agency did not which really pissed me off. I use the local sheriff's office to run the background for $20, and then credit check with an online company for $15. I get a true picture of the person/people this way, the rental agency wasn't doing a background check, it was only a want/warrant check and credit check. I prefer knowing the background of people and being able to deny for valid concerns, like the one I found out had been evicted from their last 3 places but lied on their application about prior evictions. The real estate company running my old checks would have never seen that since they just did a wants/warrants check, but I did and denied these people the rental for lying on the application about prior evictions. That said, I had a young family rent a house from me one time that had been evicted and gone bankrupt the prior year. They never lied to me, were honest as best I could tell, and upfront with me about everything so I rented to them after meeting with them. I only required them to provide a full months rent as security instead of a reduced amount, which they totally understood. Never had a problem with them and they got their security deposit back cause they took care of everything.
I actually found out that in many cases my background checks were catching stuff the rental agency did not which really pissed me off. I use the local sheriff's office to run the background for $20, and then credit check with an online company for $15. I get a true picture of the person/people this way, the rental agency wasn't doing a background check, it was only a want/warrant check and credit check. I prefer knowing the background of people and being able to deny for valid concerns, like the one I found out had been evicted from their last 3 places but lied on their application about prior evictions. The real estate company running my old checks would have never seen that since they just did a wants/warrants check, but I did and denied these people the rental for lying on the application about prior evictions. That said, I had a young family rent a house from me one time that had been evicted and gone bankrupt the prior year. They never lied to me, were honest as best I could tell, and upfront with me about everything so I rented to them after meeting with them. I only required them to provide a full months rent as security instead of a reduced amount, which they totally understood. Never had a problem with them and they got their security deposit back cause they took care of everything.