Self-Manage Vs. Property Management – Which Option Is Better for You?
Are you thinking about buying a rental property in Southern California and aren’t sure if you should hire a property management company or manage that rental yourself?
This is an excellent question to ask, that’s why in this article we will provide you with several reasons why you should consider hiring a property management company, especially if you have enough profit from your rental to afford hiring one.
A Property Manager Will Save You Time
Although you may have originally started out managing one or more of your rental properties yourself, the reality is that as you add more properties to your portfolio of rentals it makes sense hiring a property manager to professionally manage those rentals for you.
Hiring a property manager will save you the time and hassle of managing those rental properties or units yourself, so you can focus on growing your business without having to be concerned with the day-to-day tasks that can come with managing rentals.
Some of the daily tasks that a property manager will do for you include:
- Marketing your property online
- Screening and placing tenants
- Collecting rent
- Customer service
Hiring A Property Manager Will Help Your Rentals to Run Efficiently
From taking calls from tenants, collecting rent, to making minor repairs on your rental properties, there’s no way you can continue to do everything yourself, especially if you own multiple rentals.
If you want to continue building wealth in real estate then you want to hire a property manager sooner, rather than later, since a property manager will take the “heavy lifting” off your shoulders and ensure that your rentals are running efficiently while you enjoy passive income from them.
Live Your Life, On Your Terms
Last of all, but most important, hiring a property management company will help you to live your life, on your terms without a wide variety of extra responsibilities that can come with managing a rental property.
At the Fred Sed Group, we also have a sister company that specializes in property management in Southern California.