Have you ever hired a property manager to manage your residential rental properties?

Question

I am considering doing this to take some of the hassle out of my life. Have you ever hired one, and if so, what were the advantages? Was the expense of the property manager worth it to you? Any advice would be appreciated. Thanks.

Answer 1

Yes, I have used property managers in the past.  If you want to do so, you will need to interview several candidates until you find one with whom you are comfortable.  Ask other landlords who they use and their experiences with each.

Apartment managers take a load of hassle off of you personally.  They handle all the whining, weekend calls, leasings, evictions, and anything else which goes with being a landlord.  Expect to pay anywhere from 8-10 percent of collected rents as a fee, plus actual expenses.

I was pleased with the apartment managers I used, and continued with them until I owned sufficient units to develop my own management.

Answer 2

Very soon landlords who rent to illegal aliens will also be held accountable for their greedy crime, so be careful who you hire because it could really cost you.

Answer 3

1) It will certainly take the hassle out of your life

2) I like to by my own property manager

3) Advantages: faster result guaranteed

4) Property manager does all your paper work for you

5) Thank you for the 2 points