Do I Need a Property Manager?
We think this is a critical question and our answer is: probably. There are several things to consider when answering this question for yourself. Is your investment property located close to you? Do you have multiple units? How much hands-on experience do you have? Do you have time to do it? What is your tolerance for interacting with residents? What is your comfort level with risk & liability? Are you well versed in state & local laws and statutes? Do you have the tools and a plan to effectively market your property, screen applicants and manage the process through the duration of any lease?
A professional property manager takes care of all this and much much more and while there is a cost associated with this service, it is nominal when compared to the freedom and peace of mind you can enjoy having a professional property manager who has the education and experience.
Virtually anyone can collect rent and pay bills but delivering consistent service to residents (and property owners) while managing exposure is best delivered by a property management firm that has the experience, time in the industry and education like FPM Properties.