Who Needs a Property Manager, Anyway?

Who Needs a Property Manager, Anyway?
By: Nicholas A. Dunlap, CPM

In meeting property owners, one of the questions I often encounter from individuals who operate or manage their own rentals is: why do I need a property manager? While I cannot speak for all property managers, I usually start by saying that professional management can preserve current income, create additional income and lead to additional improvement projects so as to ensure your property evolves with the times. Ultimately, these renovations can lead to decreased maintenance expenses and higher occupancy as a result of a well-maintained curb appeal. Of course, these are the tangible, real-life, real-world solutions that occur on a frequent basis. The in-tangibles, such as tenant screening prior to move-in are best explained by the newspaper headlines, that is, when professional management is not retained and, well, your tenants start to grow marijuana in your beautiful four bedroom, three bathroom rental home.

Unfortunately, I am not making this stuff up and you can read about it here:http://www.latimes.com/news/nationworld/nation/la-na-pot-homes-20111113,0,574959.story