Pros & Cons of Hiring A Property Manager

Have you been thinking about hiring a property manager, but you’re on the fence - trying to decide if a property manager is right for you? Today we’re going to cover the pros and cons of hiring a property manager to run your rental properties for you. 

We’re going to start with the cons because the list will be shorter! But there are some very genuine reasons why hiring a property manager may not be right for you. Let’s jump right into it! 

The Cons

To preface this section, each one of these cons can be turned into pros with the right mindset. But this list will contain common reasons that landlords don’t opt for property managers. 

• 
  If you only have one property that isn’t pulling in enough revenue to justify the cost of a property manager, then you probably don’t need one. 
• There’s little to no interaction with your tenants. Your property manager would be dealing with your tenants face-to-face, and there would be no need for you to communicate with the people living in your spaces. (See how this could be a pro as well? We’ll touch on this in the next section). 
• You do have to pay your property management company. If you’re looking to cut out any sort of middle man, and you just can’t spare the extra cost of having a property manager, then it’s not for you. 
• You’re entrusting your properties to people you don’t know. Just like there’s not a lot of communications between landlords and tenants with a property manager floating in between, you don’t get a lot of exposure to your property manager either. Maybe you’ll get a call once to twice a month, perhaps an email update weekly. But mostly you’ll just be receiving your rent checks every month. 

The Pros

• For someone who owns many properties, a property manager is almost a must. You’re hiring one person to specifically focus on running your properties for you, and that’s an invaluable resource if you’re someone who is always looking to buy and rent more properties. 
• You don’t have to travel between your own home and your rental properties. If your properties are spread out over a wide area, or even in different states, then having a property manager in those states is definitely to your advantage, so you don’t have to make long, expensive and time consuming trips to fix an air conditioner in the dead of summer in Alabama. 
• If you have a full-time job that is not being a landlord during the week, and you’re only a landlord on the weekend. Let’s say you’re a chiropractor Monday to Friday and then you’ve got a family you want to spend time with on Saturday and Sunday. Having a property manager keeps you at home on the weekends, where you belong, while they handle your tenants needs. 
• You have someone to fill new spaces for you! Arguably, one of the best aspects of hiring a property manager, is that they are equipped to screen applicants for new spaces that you add to your fleet. 
• They handle all the legal paperwork. You don’t have to worry about codes or specific laws regarding your properties because your property manager is trained to take care of all of that for you. 
• Repairs and maintenance are all covered for you. Referring back to saving on travel time, and even on expenses, property management companies have teams of maintenance crews ready to tackle even the most abrupt maintenance issues, so you’re not bothered at inconvenient times. 
• You don’t have to see your tenants in person. If you’re someone who prefers to collect your paycheck and keep moving forward to more and more properties, without looking back on the empire you’re building, then it’s important to have someone personable and organized to take care of your properties and the tenants they help fill into those spaces. 



The Verdict 

Obviously, we’re very pro property management around here, but it is still something landlords should take time to think about before either jumping right into hiring someone or completely dismissing the idea all together. 

If you’re curious to learn more about what our property managers can offer you and your rental spaces, please check out our website at RevitalizeRealty.com. You can also check out our weekly market updates and more posts like this on our blog.