Why Professional Property Management

[Antonio Gipson]

Investors, if you have owned rental property for any length of time, you know that managing a rental can be financially rewarding. At the same time, you've also likely discovered that property management requires a large commitment of time and effort. (Time is money.)

While it may make sense to take the DIY (do-it-yourself) approach if you're a handy person, live close to your property, and don't mind devoting several hours per month to the task, in many cases this just isn't practical---especially if you hope to expand your business. Here are some critical tasks a property manager can help you with:

• Setting the right rental rates.
• Marketing and advertising your rental.
• Finding the right tenants.
• Managing tenants.
• Managing vendor relationships.
• Ensuring that you’re in compliance with housing regulations and property laws.
• Enabling you to invest in geographically distant properties.
• Maximizing the profitability of your time.
• Maximizing the profitability of your money.