Better to hire Property management to manage condo?

[Tajinder Kandola]

Hi there everyone I was just wondering if it is Better to hire a 3rd party Property management to manage condo? Or let the hoa management handle everything? Is property management even allowed on all condos? Thank you!

[Sam LLoyd]

If you've only got one or two rentals, I would recommend managing them yourself.  There is a bit of learning to be done, but the money you save will probably make it worth your time.  If you have no time, don't want to take a chance on your ability to screen/manage tenants, or don't need the extra money that badly, hire the property managers.  I've never heard of the condo management acting as property managers.  There job is to tell you (or your managers) when something goes wrong, and then you (or your managers) make the problem go away.