Being a landlord means that you have a lot of responsibilities, even for just one single property. Now imagine that you have several of them. To help you balance out your workload, you might want to consider all of the benefits that would come from hiring a property manager to help you.
It would be nice if all tenants simply mailed their rent in a week before their due date and their checks never bounced. However, this is not likely to happen with the majority of the tenants that you come across. Therefore, there is sometimes a little legwork that is involved when it comes time to collect the rent checks. If you do not have the time, energy, or heart to make collection calls to your tenants, or possibly even show up at their door in an attempt to track them down, then you might want to hire a professional property manager to do it for you. This way, you will get your rent money without having to go through too much trouble to get it.
Every once in a while, you will need to show an empty rental property to people who call with an interest in it. Some of those people will decide that they are not interested. Some might be interested but never return with the money. Others might be interested but they are unable to pass your background checks. As you can probably imagine, there might be occasions where the property will have to be viewed many times before the right tenant is found. Instead of giving up all of your free time to show your empty rentals, you can just allow a property manager to do it for you. You can even have your property manager run the background and credit checks for you.
Arranging Professional Repairs
Things are going to break in your rental properties from time to time. Instead of trying to fix those things on your own or deal with arranging for a professional to come out to the property, you can leave that to the property manager. He or she will not only handle taking the calls from tenants who are reporting the problems, but also deal with finding the best professional for the job.
With those few things in mind, it should be rather easy for you to determine whether or not hiring a property manager is the best thing for you to do.