Should You Hire a Property Manager?

Sunset at Newport Beach (Homes)
Creative Commons License photo credit: Alex E. Proimos

If you have a rental property available, and you can’t or don’t want to completely take care of it, manage it, and make sure that everything about the rental transactions are handled properly, it may be time to locate a property manager to help you. Not sure how to do that? There are plenty of places that can help you. The key, though, is not just to choose the first one that you can find. You should, instead, choose one that offers you the kinds of things you want and need for a good price. In this market and economy, you’ll want to locate a company with fair pricing and a good work ethic, especially if you don’t live in the area of the property that you’ll have managed.

Since you can’t just drive by and see what’s going on with your property, it’s very important that you trust the company that you work with. Allow that company to show you want it can do, and show you why you should use it over other companies that might not offer as much to you – or that might charge much higher rates. Once you’re moved out of the area and aren’t around to manage your property – or if you’re simply too busy to handle it on your own – a company can be a great help in making sure that you’re covered and your property is handled well.

Make sure you talk to several companies, so you can see how they compare with one another. They need to meet your needs, and they need to do it for a price that you can feel good about and on terms that you’re happy with. If they don’t, that might not be the company for you. Keep looking, though, because there are other companies available that might be a better fit for what you need.