Property management companies can take care of many tasks that landlords otherwise must handle themselves, from finding tenants and collecting rent to handling the upkeep of the property itself. But that assistance costs money, so it comes down to whether saving some time on rental property upkeep and management is worth eating into your bottom line.
Ultimately, different landlords will draw different conclusions once they’ve done their own cost/benefit analysis for hiring a property management company. On this Real Estate Minute, I’ll discuss what Zillow suggests are some advantages to using a property management company and share why my experience as a real estate investor and landlord has led me to forgo using one myself.
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