Why do people use property management companies

[Ryan M.]

This is a question I have always had.......A property management PM takes upwards 10% of gross for receiving the rents. Bills every time for a repair and some add a rider on top of the repair. Bills a substantial amount for finding new tenants. Not to mention most PM companies have their own rentals in that area. Do you think they are goind to place the 'cream of the crop' in your units or theirs. Why would they they make good money on placing tenants.

Hopefully someone has some insight to change my view.