Why should I use a property management company? You can use a property management company for any size property. A good property manager will ensure short vacancy periods and will know how to deal with renters' concerns.
With smaller properties, it's going to depend on your expertise. Remember that if you own one unit and it's vacant, you have a 100 percent vacancy rate. So, you want to put yourself in your strongest possible position in the marketplace.
You can take advantage of a lot of expertise that a property manager has built up about the marketplace by using their services for leasing and operating your property. You'll also find in many markets that renters will be skeptical of renting from an individual because they don't know the individual.
Property managers, particularly those persons who are well respected in their community, have the advantage of rapport with a lot of renters. A renter will be more comfortable working through a property manager that has a good reputation for security processes and timely repairs. That makes it easier to get good renters for the property. So I think that is one big market advantage that an owner of the smaller property would have using a professional manager.
