Why You Should Hire a Property Management Company

Hiring a property management company to manage your investment property may be the right choice for several reasons.  Here are a few of the benefits of hiring a property management company to manage your rental properties:

If You Have Limited Time to Devote to Your Rental Properties

Oregon’s population is growing at a rate of 1.41% annually, making it one of the fastest-growing states in the nation.  That offers a lot of opportunity for investors or would-be investors who want to purchase investment properties and rent them out to a booming population.

Whether you have one property or ten, managing them can easily become a full-time job or require the use of full-time employees.  From sourcing tenants and securing leases to overseeing property repairs, the day-to-day running of a rental property can take up much of your time.  A licensed property manager will know the laws and be skilled in tenant relations, so why not hire a professional management team to oversee your investment.

If You Have More Than One Rental Property

As with all investments, the time spent on your rental properties exponentially increases with the number of units being rented and occupied.  For this reason, if you have more than one or two rentals, you may need to hire a property manager to manage them for you.

If You Live in a Different State from Your Rental Properties

If you live in a different state from your rental properties, you’ll need to take into consideration your ability to handle situations as they arise.  Village Properties at Sunriver offers after hour’s response to address and protect your rental property and tenants.  With over 30 year’s experience, Village Properties at Sunriver has the in-house team to handle the day-to-day issues as well as the resources and programs in place to handle the big issues.

With a comprehensive preventive maintenance program, preferred vendors and in-house maintenance personnel, your investment is in good hands.

If You Want to Optimize Your Rental Process

Many investors who start out managing their rental properties on their own quickly learn that any inefficiencies in the rental process can mean losing valuable time and money—and lots of it.

Village Properties understands that choosing a property management company can be a big decision.  With over 30 years experience managing rental properties in Oregon, we are devoted to proving knowledge, skill, and success.

With options to maximize your rental potential, only Village Properties has all the programs and expertise to guarantee your success.  Contact us to learn more about how we can help you to make your rental process seamless.

25 Replies to “Why You Should Hire a Property Management Company”

  1. I do agree that when there are too many rentals to manage to hire a property manager will help out save you a lot of headaches. If I were a landlord, I would be sure to do so since if I have around tens of properties for rent having the time to check on them all is nearly impossible. This might be why a number of landlords give up on renting their properties and just sell them even though it’s a sure way to have perpetual income. Thanks for the informative read about when to hire a property manager!

    1. Thank you for reading Jeremy! We’re positive that those that own investment properties will find themselves feeling relieved once they pass the responsibility on.

  2. I’m glad you mentioned that if you have more than one or two rentals you may have to hire a property manager to manage them for you. My friend has a rental property, and they have been thinking about getting more. I think it would be a great idea to hire a property management company to help take care of all the properties.

    1. Thanks Deb. It’s a time-saver for sure. I’d recommend working with a property management company especially if you have more than 1 rental. Thank you for reading!

  3. Thanks for your comment about how you should hire a property management company that takes responsibilities to manage where you are renting. I also like how you said that they should be trustworthy with your rental property. My husband and I are looking into property management; thanks for the post.

    1. Thanks for reading Ashley! We’re big on being able to relax and know that your investment is well taken care of. I’d recommend interviewing several companies to be sure you’re choosing the one you feel most comfortable with. It’s almost like an extension of your family as they’re managing something so near and dear to your heart.

  4. My brother and I have been looking into investing in some property to rent out. Neither of us have a lot of time to put towards managing a property, so I appreciate you pointing out that this would be a good reason to hire a property manager. We’ll definitely look into it since neither of us have the time to treat it as a full-time job like you suggest we might need to do.

    1. I do recommend getting some help unless you are planning on making your investment property a full-time job on its own. We sure appreciate you reading!

  5. My parents bought real estate rental properties and now they have a hard time managing most of it. According to this article, managing most of them can be a full-time job and require employees. Having said that, hiring property management professionals will surely help manage the properties and give more time to the owners.

    1. Agreed. It is a full time job. I’ve known folks with just one vacation rental and it was a full time job with managing the schedule, the communication with guests and making sure the home is clean and maintained. Sometimes it’s just best to pass the responsibility off. Thank you for reading.

  6. My mom and I have been managing two properties since 2014. We are planning on acquiring another property by 2019. I guess I would agree that it would be best for us to hire a property management services since handling one each is already a big task. I like that you’ve mentioned that it is advisable to have professional help since the time spent on our rental properties would aggressively increase. Thanks for the information.

    1. You are welcome. I admire that you have taken care of things up to this point. Good for you. It is definitely a large task. Sounds like you and your mom are a good team. Thank you for reading.

  7. I agree that one of the best reasons to hire a property management service is to have more time to focus on other things. I’m managing your rental properties all by yourself would take a lot of time. I agree that you should think about hiring someone to help especially if you have more than one property.

    1. Thanks for reading Gary! Most folks we know like to have a life or even another job outside of managing their rentals. It’s so nice to put that responsibility in the hands of someone that knows the ropes of the business and has the tools to manage.

  8. Thank you for suggesting that if you live in a different state than the properties you own and rent out you should consider hiring a property management company. This seems like a great way for busy property owners to ensure that everything is being taken care of and running smoothly. I would hope more people would consider this.

    1. Agreed! This is an especially good option when you reside miles from your rental. Thanks for reading!

  9. Thanks for mentioning that a licensed property manager will understand the law and be skilled in tenant relations. After obtaining some money from a family inheritance, I am thinking that I would like to invest in properties. Since it can take up so much of my time and be a lot of work, I’ll be sure to find someone who is skilled in this field to manage the properties I start to invest in.

    1. Thanks for reading. It sure does save time to have someone else manager you property. You can save time and some headaches knowing that someone has your back.

  10. It’s great to know when to hire a property manager. I like how you said that you should have one if you have more than one rental property. What if we only have one house we want to rent out? Is it still a good idea?

    1. I think it is. My mother-in-law used to have one rental and managed it herself. Between maintenance, cleaning, communicating with guests and more, she found it to be very time-consuming. I do think with one it’s a good idea, for sure. Thank you for reading!

  11. I like the fact that hiring a property manager can help you maintain your properties and tenants’ welfare while you’re busy with your other work or errands. A friend of mine had 5 properties which he uses for renting and he finds it tiresome to pay it a visit as they are all in distant places and that he has some other work on the side too. Your advice of hiring a professional property manager will definitely help him devote his tasks to more important things while making sure that all his properties are taken care of on a regular basis.

    1. It really does save time, money and leaves home owners feeling less stressed out. I’m glad that you found our article helpful!

  12. That’s impressive that oregon’s population is growing at a rate of 1.41% annually. That must mean it’s a good time to get into property. A management company can turn that job of landlording into a form of passive income.

  13. My father has been thinking of renting out some apartments, though he isn’t sure if he wants to deal with choosing tenants. I love how you mentioned that a property management firm can help you save time and money. I feel like that are also professionally trained, so they’ll know how to make the rental process go faster. I’ll be certain to share this article with my father, so he can make an informed decision.

    1. Hi Bethany! I’m glad you enjoyed the post. If you or your father has any specific questions or need guidance, feel free to reach out to us! We’d be happy to help!

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