 | You should hire a property manager if: You have many rental properties. The more units you have, the more you'll benefit from a property management company. Business is growing. Too much to handle on your own? Let us help manage everything properly. Your time is limited. If you already have a day job, or would just rather focus your time on growing your business, a management company may be a good way to spend your money. You're not a hands-on manager. If you view rental ownership as an investment and don't want to tend to the everyday management of your properties. You don't want to be an employer. Because a property management company isn't your employee (it's an independent contractor), by using one you can avoid hassles like payroll. You can afford it. Hiring a property management company is an attractive option if you can afford the fees. When interviewing companies, expect to hear quotes ranging between 5% and 10% of what you collect in rent revenue. You live far from your rental property. Many issues will arise that you will not be able to address from afar. |
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