Back to: Landlord Success: Proven Strategies & Practical Advice for Stress – Free Property Management
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Property Management companies oversee many of the operational tasks such as running ads for rentals, screening tenants, collecting rent, overseeing repairs and maintenance for the property. It is up to you whether you'd rather pay a property management company or manage all these tasks yourself. If you have multiple properties, you may want to seek the services of a professional property management company.
- ➢Management Company
- 7% to 10% fees are the average cost
- They deal with everything, take all the calls
- They have a network of repairs trades.
- Be sure to verse yourself in what it will cost to have the management company's tradespeople come in to make the repairs
- This is a business expense that may be worthwhile in your situation