http://www.REIClub.com - Are Property Managers Better Landlords Than You? Here's a Video on the Pros and Cons of Using Property Management...
Accredited Certifications:
Institute of Real Estate Management (IREM)
- Certified Property Manager (CPM)
- Accredited Residential Manager (ARM)
- Accredited Commercial Manager (ACM)
- Accredited Management Organization (AMO)
What do Property Managers do?
- Collecting and Depositing Monthly Rent
- Control Rental Rate
- Marketing and Advertising
- Inspections
- Tenant Screenings
Pros:
- Time Management
- Remote Locations
- Access to Professionals
- Housing Regulations and Property Law
Cons:
- Overall lack in control
- Profit margins
- Dedication
- Money
- frequently keep late fees
- may make margins on repairs
- no control over quality of repairs
- reduce or eliminate repair costs
- no access to own property
