Why use a property management agency?
Property Management agencies deal directly with your tenants and any prospective tenants, saving you time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues, responding to tenant complaints and in the worst case, handing evictions. Plus, a good management company brings its know-how and experience to your property, giving you the peace of mind that comes with knowing your investment is in good hands.
Using a property management agency is maybe not for everyone, so consider the following when deciding:
Do you have the time to do it yourself?
How close do you live to the property?
Can you afford to the costs of the agency?
Are you interested in the hands on management of your property?
Do you have, or are you looking to have, multiple properties?
These are just some questions to ask yourself when considering letting someone else manage your property.