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I have talked with lots of investors who have sold all of their properties and moved their into other asset classes such as stocks or bonds given that they think rental properties are far too big of a headache. The scenario is definitely exactly the same. They made the decision to invest their, they heard rental properties were good money makers, they buy a few properties, and attempt to manage them automatically.Pretty soon they may be burned out of coping with tenants. After a few bad experiences and a lot of calls from renters, they determine that rental property is excessively big of an headache and they also become unattainable. I have heard this at least a number of times and each time I hear this I always ask "Why didn't you let a house management company handle your properties?".Most of times I get a reply of "well they charge much too much". In truth, most property management companies charge between 8-10% of gross rent collected for residential properties and 3-5% for commercial. This is a bit of a fee to cover what you get.There is a difference between a property manager and home management company. When you hire a property manager you're hiring a staff. You will have to pay them back a salary and pay payroll taxes on them. When you hire a property management company you are simply outsourcing the management to a company. They are not an "employee" of yours.In most cases I lean towards getting a company as opposed to taking on an employee. If you only own a couple of properties you'll only engage a company since you won't have adequate income to support a staff's salary. At some point, when you get adequate, it might be beneficial for you to employ a person whether full-time or part-time.Here's the advantages of hiring home management company when you initially start purchasing rentals.A professional property management company knows regulations for landlords and may make sure you are doing everything legal A professional property management company know how you can most effectively advertise your properties to accomplish a low vacancy rate They will also know the best way to maximum benefit book of the property since they have in mind the market They will have a network of contractors to get the best rates for repairs and maintenance in your properties You can learn using their wealth of knowledge and experience from dealing with rentalsYou might wish to manage the properties yourself. Many people do. If that's what http://learn.sjp.ac.lk/members/hvidbergehlers8/activity/39797/ like and you have time, there's certainly nothing wrong your. But don't forget one can learn a lot from working with a professional company.You will want to get references before picking which company to match. Also, make sure they have their property license. You also desire a company who focuses on your sort of property. For example, you may not pick the same company for a commercial property when you would an individual family house.The final point here is if you want to be an angel investor or do you wish to be a landlord. Personally, I don't want to be described as a landlord so I use property managers.Happy investing!