{"id":1249,"date":"2023-09-25T16:47:11","date_gmt":"2023-09-25T20:47:11","guid":{"rendered":"https:\/\/www.clearnow.com\/blog\/?p=1249"},"modified":"2023-09-25T16:47:13","modified_gmt":"2023-09-25T20:47:13","slug":"benefits-of-hiring-a-property-management-company","status":"publish","type":"post","link":"https:\/\/www.clearnow.com\/blog\/2023\/09\/25\/benefits-of-hiring-a-property-management-company\/","title":{"rendered":"Benefits of Hiring a Property Management Company"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.clearnow.com\/blog\/wp-content\/uploads\/2023\/08\/Benefits-of-Prop-Mgmt.jpg\"><img decoding=\"async\" width=\"640\" height=\"480\" data-src=\"https:\/\/www.clearnow.com\/blog\/wp-content\/uploads\/2023\/08\/Benefits-of-Prop-Mgmt.jpg\" alt=\"\" class=\"wp-image-1253 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 640px; --smush-placeholder-aspect-ratio: 640\/480;\" \/><\/a><figcaption class=\"wp-element-caption\">Hiring a property management company can make landlording easier.<\/figcaption><\/figure>\n\n\n\n<p>Landlording involves building a business to collect rent payment and generate income while providing housing to customers (tenants).  Some landlords prefer to do everything on their own, and some prefer to take a more hands off approach and <a href=\"https:\/\/www.zillow.com\/rental-manager\/resources\/benefits-of-property-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">hire a property management company<\/a> to do it all.  And then there are some landlords that want to control some aspects of the business &#8211; like filling vacancies &#8211; while turning over other responsibilities &#8211; like maintenance and rent collection &#8211; to a property management company.  In any event, the benefits of hiring a property management company come at a cost as they charge <a href=\"https:\/\/www.stessa.com\/blog\/how-much-do-property-managers-charge\/\" target=\"_blank\" rel=\"noreferrer noopener\">fees for their services<\/a>.  We&#8217;ll take a look at some landlording responsibilities and the <a href=\"https:\/\/www.bricksandagent.com\/blog\/benefits-of-using-property-management-company\" target=\"_blank\" rel=\"noreferrer noopener\">pros and cons<\/a> of doing it yourself or hiring a property management company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Collecting Rent<\/h2>\n\n\n\n<p>As a landlord, there is nothing more important than getting paid through consistent on-time rent collection.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td>Pros<\/td><td>Cons<\/td><\/tr><tr><td>DIY<\/td><td>+Know your tenant<br>+Use an online rent payment service like <a href=\"http:\/\/www.ClearNow.com\" target=\"_blank\" rel=\"noreferrer noopener\">ClearNow<\/a> to simplify process<\/td><td>-Deal with delinquent tenants<br>-Need to understand eviction process<\/td><\/tr><tr><td>Property Management Company<\/td><td>+Enforce lease policies for late or unpaid rent<br>+Use online rent payment services like ClearNow to <a href=\"https:\/\/www.clearnow.com\/propertymanagers.php\" target=\"_blank\" rel=\"noreferrer noopener\">directly deposit owner proceeds<\/a><\/td><td>-Pay property management fee typically as a % of rent collected<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Advertising\/Listing Properties<\/h2>\n\n\n\n<p>Before you can collect rent payment, you have to fill your vacancy.  Knowing where and how to place your ads are important tasks to finding the right tenant.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td>Pros<\/td><td>Cons<\/td><\/tr><tr><td>DIY<\/td><td>+Easy to list vacancy online with high-traffic websites like <a href=\"https:\/\/www.zillow.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zillow<\/a>.<\/td><td>-Need to manage inquiries and property visits<\/td><\/tr><tr><td>Property Management Company<\/td><td>+Expertise at rental marketing to fill vacancies quickly<br>+Have local real estate knowledge to help set competitive rents<\/td><td>-Pay property management fee <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Final Considerations<\/h2>\n\n\n\n<p>The benefits of hiring a property management company to collect rent and advertise vacancies, in the least, will likely be based on finding a balance among effort, time, and money. If you can afford the expense of a property management company to free up time and reduce headaches, then that is a win for both parties.  At the same time, many of today&#8217;s landlord resources have features that benefit both the property manager and owner, like <a href=\"https:\/\/www.clearnow.com\/propertymanagers.php\" target=\"_blank\" rel=\"noreferrer noopener\">ClearNow&#8217;s owner proceeds<\/a>.  As a landlord, you have choice to make the decision easier of whether or not to hire a property management company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Landlording involves building a business to collect rent payment and generate income while providing housing to customers (tenants). Some landlords prefer to do everything on their own, and some prefer to take a more hands off approach and hire a property management company to do it all. And then there are some landlords that want &hellip; <a href=\"https:\/\/www.clearnow.com\/blog\/2023\/09\/25\/benefits-of-hiring-a-property-management-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Benefits of Hiring a Property Management Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[75,9],"class_list":["post-1249","post","type-post","status-publish","format-standard","hentry","category-general","tag-benefits-of-hiring-a-property-management-company","tag-online-rent-payment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benefits of Hiring a Property Management Company - 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