For long distance landlords, property management is essential to their business model and having great property managers can often make the difference between a satisfying experience and a nightmare. Managing remotely can be done, but it can make life a bit more taxing.
For landlords with property nearby, it can be quite a dilemma whether to give up the additional cashflow that you receive for managing your own properties versus freeing up your time by not having to deal with tenants. What a conundrum!
Fortunately, I’ve just been approached by another individual who has recently written a great article covering the pros and cons of property managers. If you are currently exploring whether hiring a property manager is right for you, this may be quite helpful, so be sure to take a read through.
The article is available here, Property Management Best Practices by Chris Thorman.
To add to this I would love to get some feedback from anyone who is currently using property managers on the positives and negatives that you could share with the other readers.
