What Does Property Management Cost?
Once you have made the decision to give up control of your rentals or investment property you need to hire a professional to manage it for you. The costs or fees of property management are sometimes believed to be excessive or exorbitant until one understands all the tasks and time associated with properly managing a property. Property management fees from a qualified, competent, diligent company are worth their weight in gold. Comparing the scope of services, the quality of those services, and the quality of the personnel delivering the services is a very good idea before hiring a property management firm. The company or individual you end up hiring will be marshalling one of your biggest assets in your personal portfolio and you would like to have a competent person doing that – at least that is the conventional wisdom.