As an owner of rental properties you might be sitting there thinking do I even need a property manager? And the answer is - That depends.
It depends on how much time you want to invest in overseeing that rental property. It depends on if you like getting those calls in the middle of the night when there's a water leak. It depends on if you want to be the one to oversee that property immediately after a hurricane and figure out what you're going to do with your tenant and how you can get that property back up to a livable condition as quickly as possible. It depends on if you want to be the person that is making that phone call on the 6th of the month saying hey where's the rent payment I don't have it yet what's your plan for getting that rent payment to me today. It depends on if you're the person who knows how to go through the eviction process and how to deal with that. It depends on if you want to be the person that gets the phone call that says hey I see you have this rental listing available can you tell me more information about it, can you show me that property, how soon could I move in, do you have a lease I can review.
If you want to be the one that answers all those kind of questions then certainly you don't need a property manager. But if you look at all of the work that goes into overseeing a rental property and you say that's just not for me, then hiring a professional property manager is the right choice for you. We typically find as professional property managers that because of our systems and because of our market knowledge we can actually make a property owner more money. Generally speaking, people that come to us that have been managing the property themselves, find that after 12 months they're actually putting more money in their pocket on a monthly basis having us manage the property, even accounting for our fees, than they were when they were managing it themselves.
So we hope you would consider hiring a professional property manager - A National Association of Residential Property Management member is really your best bet when you're looking for a professional property manager. Look for a NARPM member. Interview them. Find out what services that they can provide to you, and how they can help you obtain the best return on your investment for your rental property. Thanks and I hope you have a great day.