DIY Landlords, is it Time to Hire a Property Manager?
Written by Jennifer Chan. Published Saturday, December 14, 2013 on Zillow.com.
A rental property is a great investment, but being a DIY landlord isn't for the faint of heart. As you make your pro vs. con list for hiring a property manager or taking care of the property yourself, here's a list created by All Property Management of the rental-related items you'd be responsible for in either role.
If you have the time and experience to manage a rental property yourself, it's a rewarding experience to build a relationship with your tenants, maintain the property, and screen the tenants yourself in the leasing process. However, if you're trying to manage a rental property on top of a full-time job, it might be smart to pay a property management company to help you do the heavy lifting. There's lots of administrative, legal, and maintenance work that goes into running a rental smoothly, so hiring professional help can be well worth the cost.
Here's a look at the responsibilities a property manager can take off your plate in helping you run your investment property (created by All Property Management):
