Many first time or small portfolio investors often opt to manage their properties on their own, skipping what they feel is the high cost of hiring a property management company. While they may feel as if they’re saving a monthly percentage or fee, they’re actually losing many benefits of hiring a company with experience in the rental market.
When it comes to adding extra costs to your rental property, you need to be careful. There are some additional expenses that can—and should—be avoided, but when it comes to property management, it’s an additional expense which benefits outweigh the cost. Continue reading