Why Hire a Management Company?
The perfect rental property management company earns their management fee and more. They do things better than you could if you did it yourself.
They have more experience:
Dealing with dead-beat tenants
Collecting late rent
Finding fair prices and getting discounts from contractors
Knowing what repairs are necessary (and unnecessary) for rentals
Knowing which locations are best for rentals
And much, much more…
To reiterate, these companies end up being worth far more than their fees just through their contacts, expertise, and understanding of the rental market.
Again, this is only true if you find the right management company.