Should You Hire a Property Manager?
3 min read.
Deciding to hire a property manager is a crucial choice for a real estate investor or landlord. As the responsibilities of property ownership grow, the question becomes whether to manage properties independently or entrust them to a professional.
A property manager is a contractor who helps maintain the daily operations of successfully running a rental property. They are also the main point of contact with tenants, answering questions and addressing maintenance requests. The property manager can also deal with listing available rentals, screening tenants, and creating lease agreements or renewals when required.
It can be beneficial to hire a property manager for properties of any size. Property managers bring professional knowledge and know-how of the rental market, ensuring properties are priced competitively to attract and retain tenants. They also provide time savings as managing a property can be time-consuming, and hiring a professional can handle all day-to-day operations providing you with valuable free time.
Hiring a property manager can offer significant advantages, especially for property owners looking to maximize the efficiency and profitability of their rental properties.
References
Why use a property management company in Toronto. Buttonwood Property Management. (2024, May 10). https://buttonwood.ca/property-management-benefits/
Hatzenbihler, E. (2024, June 12). Should you hire a property manager or do it yourself?. Avail. https://www.avail.co/education/articles/should-you-hire-a-property-manager-or-do-it-yourself
About Westhaven Group
WHERE INTEGRITY AND RELIABILITY MEET.
Westhaven Group oversees a collection of companies involved in managing and trading over 600,000 square feet of real estate across the City of Toronto and surrounding areas.
With multiple years of experience in the industry, our team works within residential and commercial spaces ensuring every aspect of real estate investment is covered.
Westhaven Group is a go-to source for all of your company needs.