Tired Of Being a Landlord in Greater Cincinnati, Dayton Ohio and Northern Kentucky?

(Pros of Hiring a Property Manager)

1 - Experience with Taking Care of & Maintenance of the Property

Most Property Management companies have experience managing multiple properties at one time. If you hire wisely, they want you to continue being their client and are going to take care of and properly maintain and care for your tenants. It may stress you out to let these properties go into other hands but it will give you more flexibility as the landlord.

2 - Gives You More Freedom

We already touched on this, but the more work that is delegated outside of yourself gives you more freedom. If you love being a landlord and just owning the properties but do not want to be involved on a regular basis then hiring a manager is a great option. 

3 - Responds to Maintenance Requests 

Having a teammate or a property manager allows you to stop fulfilling maintenance requests yourself. They take all of that over for you. Everything from the tenant calling to actually making the repair. This will no longer be a responsibility for you!

4 - Helps to Fill Tenants & Retain Them

Turn over is pretty common with rental properties. Some tenants will stay long term but the average renter will stay in a property 2.5-3 years. Which means that another territory with owning rental properties is that you will need to find new tenants. This means that you have to show the property, possibly multiple times, and then draw up the paperwork yourself. Again, time consuming!

(Cons with Hiring a Property Manager)

1 - Expense

Just like hiring a team member, or employee, a property manager will cost you money. If you are not wanting to spend the money then the workload will be in your hands. If you are looking to just buy properties and you don’t want the additional workload, then find a management company that fits in your budget. You can possibly even work a deal out if you own multiple properties that you want them to manage.

2 - Lack of Involvement

If you like to be involved with your properties and tenants on a regular basis this may not be a good option for you. Most managers take care of the communication, maintenance and upkeep with the properties for you. They don’t need you to be on top of them.

If you have read through these, and do not want to take the route of hiring a property management company, but are still feeling overwhelmed and burnt out… Then there is a last option for you. You can sell your properties to a local investor who would like to take on this role.