A good property manager from a reputable property management company can take off the stress from managing your rental properties, as he or she can easily take over your tasks and responsibilities. If you have been reading real estate tips for some time now, then you may have come across the importance and benefits of having a property manager in managing your rental properties. And perhaps now may be the time to consider hiring one for one yourself.
Sure enough, hiring a good property manager can certainly be a blessing to a landlord. However, the operative word here is “good.” There are many property managers and companies out there who aren’t even half as good as they claim they are, and last thing you want to do is to spend your money and take on some additional stress only because you hired an inefficient and incompetent employee. This is where the importance of evaluation comes to place. With any business, there are many things your property manager may not be telling you that you would most likely encounter, for example, hidden charges, middle man fees, and false promises. [Read more…]