Are you thinking about hiring a property management company to assist with your rental investments? We may be biased, but we think it’s a great idea.
At first blush, it’s fairly clear how a property manager can reduce the stress involved with property maintenance, though it may seem an unnecessary expense that will reduce the profitability of your units. However, it’s worth considering the ways that this decision can save a landlord money in relation to the cost of the management services, which are usually only 10-12% of the monthly rent.