Owning rental property can build wealth but managing it takes time and effort and there’s no denying that most owners don’t have the time or patience to manage their properties themselves.
Should you self-manage or hire a professional? Weighing the pros and cons helps you decide, especially for Arizona owners.
In this article we will offer you a complete perspective on DIY management and the reasons why you should hire a property management company to professionally manage your rental property.
1. The Pros and Cons of Self-Managing
Self-managing gives you full control over every decision, such as setting rent and selecting tenants, and lets you save on management fees. However, you must personally manage marketing, property showings, lease agreements, rent collection, maintenance requests, and legal compliance. These tasks can easily become overwhelming, especially with multiple units or if you live outside Phoenix and may take significant time away from other priorities.
2. The Advantages of Professional Property Management
A professional Phoenix property management team provides comprehensive services, including advertising vacancies, screening tenants, handling maintenance requests, collecting rent, and enforcing leases. They keep current on local landlord-tenant laws, reducing legal risk. Their systems are designed to fill vacancies faster, ensure consistent rent payments, and preserve your property’s condition, boosting your income and protecting your investment.
3. Which Option Is Right for You?
If you have the time, local market knowledge, and experience to manage day-to-day operations, self-management might work. But if you value convenience, peace of mind, and maximum profitability, hiring a property manager is a smart investment.
Contact GoldenWest Management
Ready to experience the benefits of professional property management?
Our team will save you hundreds of hours per year in wasted DIY property management efforts and thousands of dollars in wasted money.
Learn more about the services that we can offer you by calling us at (866) 545-5303 or click here to connect with us online.
