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I have talked with many investors who may have sold all of their properties and moved their funds into other asset classes like stocks or bonds simply because they think rental properties are excessively big of an headache. The scenario is obviously a similar. They made current debts invest their funds, they heard rental properties were big money makers, they buy a few properties, and then try to manage them by themselves.Pretty soon they're burned out from dealing with tenants. After a number of bad experiences and a lot of messages or calls from renters, they choose that apartment is way too big of an headache plus they become unattainable. I have heard this no less than a handful of times and each time I hear this I always ask "Why didn't you let a house management company handle your properties?".Most almost daily I get an answer of "well they charge way 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'll receive.There can be a difference between a home manager and a house management company. When you hire a property manager you're hiring an employee. You will have to outlay cash a salary and pay payroll taxes with them. When you hire a property management company you happen to be simply outsourcing the management with a company. They are not an "employee" of yours.In many instances I lean towards hiring a company as opposed to dealing with a staff member. If you only own several properties you'll definitely only employ a company as you won't plenty of income to guide a worker's salary. At some point, if you achieve large enough, it could be in your best interest to employ a person whether full-time or part-time.Here's the advantages of hiring a property management company when you first start purchasing rentals.A professional property management company knows legislation for landlords and will ensure you are doing everything legal A professional property management company knows the best way to most effectively market your properties to achieve the lowest vacancy rate They will also know how you can maximum benefit rent out of a property since they be aware of market They will have a network of contractors for the best rates for repairs and maintenance on your properties You can learn from other wealth of knowledge and experience from working with rentalsYou should manage the properties yourself. https://pbase.com/topics/kjellerupkjellerup18/carpet_the_best_solution do. If that's what you like plus you've got enough time, there's certainly nothing wrong your. But don't forget you can study a lot from working with a professional company.You would want to get references before picking which company to select. Also, make sure they have got their real estate property license. You also require a company who concentrates on your type of property. For example, you'll not pick the same company to get a commercial property because you would an individual family house.The final point here is if you need to be a venture capitalist or do you want to be a landlord. Personally, I don't want to be described as a landlord so I use property managers.Happy investing!