Is property management worth the cost?

For many landlords, professional management more than pays for itself. Vacancy losses, poor tenant placement, legal missteps, and deferred maintenance can cost far more than a management fee. Property managers use market data to price rentals correctly, reduce days on market, and place qualified tenants who are more likely to pay on time and care for the property. Efficient rent collection, preventative maintenance, and organized accounting also improve long-term property performance and make tax reporting easier.