Is Property Management worth it?
By Nathan Gesner, Broker / Property Manager
(American West Realty and Management)
Am I throwing my money away?I recently read a lengthy article about all the reasons why Property Management is like throwing money down the drain. The author shared a large number of reasons why managers are cheats and just too expensive. What's interesting is he never addressed a single reason why a manager may be necessary - or even good - for an investor.I can't go over every pro and con in one article, so let me just focus on a few primary reasons why someone might use a property manager: Distance. Many investors are unable / unwilling to live and invest in the same community. It's difficult, if not impossible, to manage rentals from a distance. Hiring someone locally to manage the property ensures you have eyes on the property and someone that knows the market. Money. Many investor...