{"id":171953,"date":"2023-11-04T00:22:00","date_gmt":"2023-11-04T00:22:00","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/"},"modified":"2023-11-04T00:22:00","modified_gmt":"2023-11-04T00:22:00","slug":"should-i-use-a-property-management-company-for-my-rental","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/","title":{"rendered":"Should I use a property management company for my rental?"},"content":{"rendered":"<p>Owning a rental property can be a rewarding investment, but it also comes with its fair share of challenges. One big decision you&#8217;ll have to make is whether or not to hire a property management company to help you manage your rental. There are pros and cons to consider, so let&#8217;s take a closer look at whether or not you should use a property management company for your rental.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#What_does_a_property_management_company_do\" title=\"What does a property management company do?\">What does a property management company do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#What_are_the_benefits_of_using_a_property_management_company\" title=\"What are the benefits of using a property management company?\">What are the benefits of using a property management company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#What_are_the_drawbacks_of_using_a_property_management_company\" title=\"What are the drawbacks of using a property management company?\">What are the drawbacks of using a property management company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#How_much_does_a_property_management_company_typically_charge\" title=\"How much does a property management company typically charge?\">How much does a property management company typically charge?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#How_can_a_property_management_company_help_me_find_good_tenants\" title=\"How can a property management company help me find good tenants?\">How can a property management company help me find good tenants?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#Can_a_property_management_company_handle_maintenance_and_repairs\" title=\"Can a property management company handle maintenance and repairs?\">Can a property management company handle maintenance and repairs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#Will_a_property_management_company_handle_evictions_for_me\" title=\"Will a property management company handle evictions for me?\">Will a property management company handle evictions for me?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#Do_I_still_need_to_be_involved_in_decision-making_if_I_hire_a_property_management_company\" title=\"Do I still need to be involved in decision-making if I hire a property management company?\">Do I still need to be involved in decision-making if I hire a property management company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#How_can_I_find_a_reputable_property_management_company\" title=\"How can I find a reputable property management company?\">How can I find a reputable property management company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#Can_I_switch_property_management_companies_if_Im_not_happy_with_the_one_Im_using\" title=\"Can I switch property management companies if I&#8217;m not happy with the one I&#8217;m using?\">Can I switch property management companies if I&#8217;m not happy with the one I&#8217;m using?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#Do_I_need_a_property_management_company_if_I_only_have_one_rental_property\" title=\"Do I need a property management company if I only have one rental property?\">Do I need a property management company if I only have one rental property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#Can_I_deduct_the_cost_of_a_property_management_company_on_my_taxes\" title=\"Can I deduct the cost of a property management company on my taxes?\">Can I deduct the cost of a property management company on my taxes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#What_tasks_can_a_property_management_company_handle_for_me\" title=\"What tasks can a property management company handle for me?\">What tasks can a property management company handle for me?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_does_a_property_management_company_do\"><\/span>What does a property management company do?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A property management company is responsible for handling all aspects of managing a rental property on behalf of the owner. This can include finding and screening tenants, collecting rent, handling maintenance and repairs, and dealing with any issues that arise during a tenant&#8217;s lease.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_benefits_of_using_a_property_management_company\"><\/span>What are the benefits of using a property management company?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are several benefits to using a property management company for your rental. They can help you find and keep good tenants, handle all the day-to-day responsibilities of managing the property, and ensure that you stay in compliance with all local laws and regulations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_drawbacks_of_using_a_property_management_company\"><\/span>What are the drawbacks of using a property management company?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While there are many benefits to using a property management company, there are also some drawbacks to consider. Hiring a property management company can be expensive, and you may have less control over how your property is managed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_much_does_a_property_management_company_typically_charge\"><\/span>How much does a property management company typically charge?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Property management companies typically charge a percentage of the monthly rent, usually ranging from 8% to 12%. Some may also charge additional fees for services like finding new tenants or handling maintenance issues.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_can_a_property_management_company_help_me_find_good_tenants\"><\/span>How can a property management company help me find good tenants?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A property management company will have experience in screening potential tenants, checking their backgrounds and credit histories, and verifying their income. This can help you find reliable tenants who are more likely to pay rent on time and take good care of your property.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_a_property_management_company_handle_maintenance_and_repairs\"><\/span>Can a property management company handle maintenance and repairs?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yes, a property management company will handle all maintenance and repair requests from tenants. They will have a network of reliable contractors and vendors to ensure that any issues are addressed promptly and efficiently.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Will_a_property_management_company_handle_evictions_for_me\"><\/span>Will a property management company handle evictions for me?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yes, a property management company will handle the eviction process if necessary. They will handle all legal matters and ensure that the eviction is carried out in accordance with local laws.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Do_I_still_need_to_be_involved_in_decision-making_if_I_hire_a_property_management_company\"><\/span>Do I still need to be involved in decision-making if I hire a property management company?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While a property management company will handle most day-to-day responsibilities, they will still consult with you on major decisions such as rent increases, major repairs, or changes to lease agreements.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_can_I_find_a_reputable_property_management_company\"><\/span>How can I find a reputable property management company?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can ask for recommendations from other property owners, search online for reviews, and interview several companies before making a decision. It&#8217;s important to choose a company that has experience managing properties similar to yours and has a good reputation in the industry.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_I_switch_property_management_companies_if_Im_not_happy_with_the_one_Im_using\"><\/span>Can I switch property management companies if I&#8217;m not happy with the one I&#8217;m using?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yes, you can switch property management companies if you&#8217;re not happy with the one you&#8217;re currently using. Just make sure to review your contract and give the required notice before making the switch.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Do_I_need_a_property_management_company_if_I_only_have_one_rental_property\"><\/span>Do I need a property management company if I only have one rental property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While having a property management company can be beneficial no matter how many properties you own, it may not be necessary if you only have one rental property and have the time and energy to manage it yourself.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_I_deduct_the_cost_of_a_property_management_company_on_my_taxes\"><\/span>Can I deduct the cost of a property management company on my taxes?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yes, the cost of hiring a property management company is generally tax-deductible as a business expense. Be sure to keep accurate records of all fees paid to the company for tax purposes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_tasks_can_a_property_management_company_handle_for_me\"><\/span>What tasks can a property management company handle for me?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A property management company can handle a wide range of tasks including marketing your rental property, screening tenants, collecting rent, managing maintenance and repairs, handling evictions, and ensuring compliance with local laws and regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Owning a rental property can be a rewarding investment, but it also comes with its fair share of challenges. One big decision you&#8217;ll have to make is whether or not to hire a property management company to help you manage your rental. There are pros and cons to consider, so let&#8217;s take a closer look &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Should I use a property management company for my rental?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#more-171953\">Read more<span class=\"screen-reader-text\">Should I use a property management company for my rental?<\/span><\/a><\/p>\n","protected":false},"author":42,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-171953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should I use a property management company for my rental?<\/title>\n<meta name=\"description\" content=\"Owning a rental property can be a rewarding investment, but it also comes with its fair share of challenges. 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One big decision you&#039;ll have to make is\" \/>\n<meta property=\"og:url\" content=\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/\" \/>\n<meta property=\"og:site_name\" content=\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/synchronyfinancial\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-04T00:22:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"164\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gertrude Louis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@synchrony\" \/>\n<meta name=\"twitter:site\" content=\"@synchrony\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gertrude Louis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/\"},\"author\":{\"name\":\"Gertrude Louis\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/e3a415e962fba013368bfc7759bb621e\"},\"headline\":\"Should I use a property management company for my rental?\",\"datePublished\":\"2023-11-04T00:22:00+00:00\",\"dateModified\":\"2023-11-04T00:22:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/\"},\"wordCount\":697,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\"},\"articleSection\":[\"Learn\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/\",\"url\":\"https:\/\/namso-gen.co\/blog\/should-i-use-a-property-management-company-for-my-rental\/\",\"name\":\"Should I use a property management company for my rental?\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#website\"},\"datePublished\":\"2023-11-04T00:22:00+00:00\",\"dateModified\":\"2023-11-04T00:22:00+00:00\",\"description\":\"Owning a rental property can be a rewarding investment, but it also comes with its fair share of challenges. 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