Do you, like many other rental property owners like you, tend to view your asset as a ‘secondary’ source of ‘passive’ income? Do you pursue an alternate full-time career, with little time to spare, and, perhaps, insufficient experience to manage your property as you would like. And yet, you resist hiring a professional, credentialed property manager, and choose to go DIY instead?

We can tell you with all the conviction at our command that you are, almost invariably, condemned to experience sub-optimal outcomes. The fact is, hiring a capable and trusted property manager not only enables smooth operations and a better quality of service and maintenance of your property, but offers both robust ROI and elusive peace-of-mind.

Here, in no particular order, are what we believe are the top 10 reasons why you, as a rental property owner – ought to hire a property manager:

1. Expertise in the Rental Market: Property managers have a deep understanding of the rental market, including knowledge of local laws, fair rental rates, and desirable property features.
2. Tenant Screening: A property manager can conduct thorough tenant screenings, which can result in reliable tenants who pay on time, rent longer, put less wear and tear on the unit, and generally cause fewer problems.
3. Rent Collection: They ensure consistent and reliable cash flow by enforcing lease policies if payments aren’t received.
4. Marketing and Advertising: Property managers have experience with property marketing and advertising to fill vacancies quickly and efficiently.
5. Maintenance and Repairs: They handle the physical management of the property, including regular maintenance and emergency repairs.
6. Knowledge of Landlord-Tenant Law: A property manager will have a thorough understanding of statewide and national laws regarding the proper ways to screen a tenant, handle security deposits, terminate a lease, evict a tenant, and comply with property safety standards.
7. Network of Professionals: Property managers often have relationships with contractors and suppliers that you do not, and they can get you the best work for the best price.
8. Time and Stress Saving: They handle day-to-day management tasks, giving you more time to spend on other important tasks.
9. Higher Retention Rates: A good property manager will know how to keep their renters happy. Happy renters are less likely to look for another place to live and more willing to accept reasonable
   rent increases.
10. Maximizing the Profitability of Your Time and Money: By taking care of the day-to-day aspects of running your income property, your property manager enables you to focus on real estate investing, not day-to-day management tasks.

In conclusion, hiring a property manager can be a huge asset to your rental property business. While it does cost money, the benefits can certainly outweigh the costs if you choose a manager wisely.

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