Should I hire a property manager?

We used to ask ourselves this very question when we were managing our own rental properties, and now we know exactly when you should consult or hire a property manager.

What Does a Property Manager Do?

A property manager is hired by the landlord to oversee the day-to-day needs of a rental property. Property managers usually perform the following activities:

• Advertise the property and find suitable tenants

• Screen tenants

• Conduct move-in and move-out inspections

• Collect rent

• Issue late rent notices and handle nonpayment litigations

• Schedule maintenance and repair work

• Handle emergencies

• Ensure the property is in good condition through periodic inspections

• Maximize rental profits by minimizing vacancies

That is a lot of responsibility if you have a full-time job, a busy schedule, or limited experience with real estate. That’s where a professional property management company like My Property Man can step in to make the process seamless.

When to Hire a Property Manager

You should look into hiring a property manager if any of the following apply to you:

• You have too many properties to manage by yourself

• You live far away from your property (next town, another state, or even another country)

• You’re not familiar with managing real estate tasks like advertising, tenant screening, rent collection, or evictions

• You have a packed schedule and no time to answer tenant questions, show your property, or coordinate repairs with contractors

• You’re struggling to fill vacant units in a timely manner

For condo communities, our condo property management services ensure shared spaces, repairs, and tenant communications are all handled professionally. If you own rental units, our rental property management team can oversee leasing, maintenance, and tenant relations to maximize your returns.

If you’re still wondering whether you should hire a property manager, contact My Property Man and we’ll help you evaluate if professional management is right for you—or if managing on your own makes sense for your situation.