When managing rental properties, it can be hard to let go of having complete control of your properties. You’ve worked so hard to obtain them and now you work even harder to maintain them. It’s daunting to pass over your work to someone else. However, having a property manager you trust could be the best decision you ever make. 

 

Here are a few benefits:

For the amount of work they do, and the amount of time they will save you, they are well worth your money. So even though you will be paying more money, the net gain is worth it.

Property managers are your one-stop-shop for most of the smaller repairs your rental properties face, dealing with things that eat up your time. Another advantage to this is that they will keep track of all the services they offer, so that it is easy for you to keep track of the finances involved. And, if there’s ever the need to go to court, they can handle it, so that you have one less thing to worry about.

They also take other legal issues off your plate, such as making sure you are up to date on all property requirements and licenses. They also can screen tenants to make sure you do not end up with nuisance renters. You won’t need to spend your time doing all this busy work.

They also handle showings, for both tenants and inspectors. You don’t need to run back and forth from property to property, because your property managers will. You will rest easy, knowing that you always have a professional interacting with your clients.

 

Now, it’s easy to list all the benefits of property managers without noting two things to consider. Hiring property managers obviously limit the monthly cash flow. If you have the time and inclination to handle your properties, doing it yourself may be the way to go. The other disadvantage is that you are not in control of everything anymore. While this does take a lot of work off of your plate, it also means that you do not know the nitty-gritty details of each of your properties. As with everything, there are pros and cons, but, in most cases, property managers outweigh any cost.