Hiring a Property Manager, Is It Worth It?
I am often asked is hiring a property manager really worth the money? My answer is it depends. The most common tasks associated with property management include collecting the rent, responding to maintenance requests and handling all of the paperwork such as the lease and disclosures. Although these duties are valuable, I don't believe they are the most valuable services a property manager has to offer. In fact, I think the 3 MOST VALUABLE services a good manager can offer are often overlooked. So what are they? The 3 most valuable services a property manager can provide you are: 1. Act as a neutral party between owner and the tenant. 2. Save you time. 3. Protect your privacy and your property. Why? Because when it comes down to it property management is less about managing the property and more about managing people. Sure, the property has its requirements, but the property doesn't clog the toilet or beg to have a late fee waived. PEOPLE DO. Situations involving tenant relatio...