How to find a good Property Manager?

Question

I am thinking of getting into real estate (owning houses which I would rent to tenants.) However, I don't want to deal with the problems all the time, like fixing some broken plumbing system or something. I have heard that property managers take care of this and act as secondary landlords. How would a landlord go about finding a good property manager who also satisfies the tenants? Why would a property manager not decide to become a landlord?

Answer 1

You can find a property manager by asking around and getting good references. I wouldn't just hire one out of the phone book.

You can still keep an eye on how happy your tenants are by asking them every now and then if they have any problems.

Some property managers like myself do own their own property. Some might not simply because managing is much simpler than owning. Owners are the ones responsible for any liability, property managers just collect rent and sit back and relax with their share of it. If the manager is good at selecting tenants, collecting rent is no problem.