Why Should You Hire a Professional Property Manager

Blog Updated: 06/08/2025

The Benefits of Hiring a Professional Property Manager

Property management is much more than just collecting rent or handling maintenance requests. A complex business requires a good understanding of market trends, tenant relationships, laws, and property management. 

If you are a DIY landlord balancing your personal life and work, you may need some help. Managing your residential properties can be tough.

Why Should You Use a Professional Property Manager and What Does Management Include

Managing rental properties yourself is a balancing act that can stretch even the most seasoned 

Managing rental properties independently is a balancing act that can stretch even the most seasoned landlords. People often don't understand the complexities of managing finances and handling tenant emergencies. 

Property management is not just about managing the property well. Building good relationships with tenants is also important. You need to follow the laws and reduce risks, and be able to handle maintenance issues promptly. 

Protecting your investment is important too. The goal is to create positive and stress-free experiences for everyone involved. 

Investment managers or property management companies charge a fee. This fee is usually a percentage of the monthly rent or a flat amount. They may also charge an initial setup fee when onboarding your property. 

1. Expertise Above All

Expertise matters in managing your rental property. Picture requiring heart surgery—would you rely on a stranger from the street to perform it? 

Of course not! You’d want a skilled professional with proven experience. The same logic applies to property management of a single family home. 

A professional property manager brings industry knowledge and expertise that a DIY landlord simply cannot match. New real estate investors can make expensive mistakes. These mistakes can happen in accounting, legal issues, or managing tenants. Their business might suffer harm. 

A skilled property manager helps avoid these pitfalls and handles all facets of the business professionally.

2. Fewer Mistakes = More Profit

Mistakes can be costly. A professional property manager knows the industry inside and out, significantly reducing the likelihood of costly errors. One of the most common and costly mistakes made by novice landlords is tenant screening. Proper tenant screening is crucial, directly impacting your property’s profitability.

If landlords are not careful, they could lose money. This can happen from missed rent payments, expensive repairs, or legal fees. Professionals have the systems to avoid these costly mistakes, ultimately saving you time, stress, and money.

3. Free Up Your Time

As a landlord, time is one of your most valuable resources. Managing a rental property or asset management takes a lot of time. This is true, especially with the daily demands of your personal and work life. Rental property managers will handle the day to day operations. 

They charge property management fees to manager your property. Some charge a vacancy fee. It depends on your market. But what is your time worth to you? 

Daily tasks like handling repairs, tenant issues, accounting, and maintenance requests can take a lot of time. This makes it hard to focus on other important things. Is time or a maintenance fee more important to you?

A professional property manager handles these tasks for you. Most importantly, tenant management. This lets you focus on growing your business or spending time with your family. This saves you time and gives you peace of mind, knowing that professionals manage your property efficiently.

4. Access to a Network of Trusted and Vetted Vendors

When you manage a property on your own, you must find trustworthy contractors for repairs. You also need to handle emergency repairs and keep the property in great shape. 

A property manager has a network of trusted vendors. They can handle maintenance needs quickly and at a good price.

Property managers have strong relationships with these vendors. This means you are more likely to get better rates and faster service. Property managers can often negotiate discounts that DIY landlords couldn’t secure, which further increases your bottom line.

5. Management Risks - Legal Compliance and Risk Management

Managing rental properties means dealing with local, state, and federal laws. These laws cover tenant rights and fair housing rules. Even a minor misstep can result in lawsuits, fines, or penalties that can be financially crippling.

A professional property manager keeps up with all laws and rules. This helps make sure your property stays compliant and free of potential risks. 

Property managers have a compliance program and can help you with financial services, lease agreements, security deposits, and eviction fees. They do this in a legal and ethical way. This reduces your legal risks. It also protects your investment from liability and reputational damage. 

Allegiant Management Group only uses attorney-prepared lease agreements to prevent operational risks. 

6. Improved Tenant Retention

One of the biggest costs to landlords is tenant turnover. When tenants move out, you need to spend time and money. You will promote the property. You will show it to potential renters. 

You will review prospective tenants. You will handle repairs or cleaning before the new tenant moves in. You will then also expect to pay a tenant placement fee to the management company. 

A good property manager keeps tenants happy. They do this by quickly addressing concerns and maintaining the property well. You also pay them a lease renewal fee. Property managers charge a fee structure anywhere from 8%-12% monthly or sometimes a flat fee.  

Happy tenants are more likely to stay long-term, reducing vacancy costs and ensuring a more consistent rental income. Property managers are skilled at handling tenant communications and resolving disputes, making them invaluable assets in ensuring tenant satisfaction.

Scale Your Investment Portfolio with the Right Team

If you want to grow your real estate investment portfolio, having the right team is very important. A successful real estate investor needs more than just a property. They need a trusted team. This team should include a real estate lawyer, a knowledgeable accountant, and a reliable property manager. 

These experts will help you avoid expensive mistakes. They will improve your profits and reduce the stress of managing property.

Investing in a property management service is an investment in your future. By saving time, lowering risks, and managing your rental well, you are preparing for long-term success. 

Whether you manage one property or many, a professional property manager can help you reach your investment goals. They will also give you the freedom to focus on what matters most.

Take the next step in optimizing your rental property investment. Contact Allegiant Management Group today for a free consultation. Let us help you increase your returns and lower your stress.

Watch Now: Why Hire A Professional Property Manager

Frequently Asked Questions (FAQs)

Hiring a Property Management Company

What does a property manager do?

A property manager handles the day-to-day tasks of managing a rental. This includes finding and screening tenants, collecting rent, coordinating repairs, and making sure the property follows all legal requirements. Their job is to take the stress off your plate while helping your investment succeed.

How much does property management cost?

Most property management companies charge 8% to 12% of the monthly rent. You may also see extra fees, like a leasing fee. This fee is usually half or all of one month’s rent. There may be charges for maintenance coordination or evictions. Some companies offer a flat monthly price instead of a percentage.

How do property managers screen tenants?

Property managers check a tenant’s income, credit history, rental history, background, and any past evictions. They may also reach out to past landlords or employers. This helps confirm that the tenant is responsible and can meet lease requirements.

Can a property manager help with evictions?

Yes, a property manager can handle the eviction process if a tenant breaks the lease. They follow all state and federal laws, serve legal notices, file paperwork with the court, and work with attorneys when needed. This helps protect the property owner from legal trouble and delays.

What are the benefits of hiring a property management company?

Hiring a professional manager saves you time, reduces stress, and helps your property perform better. They handle everything from tenant screening and rent collection to maintenance and legal compliance. This helps lower vacancy rates and improves tenant retention while keeping your investment on track.

How do property managers handle maintenance and repairs?

Property managers plan regular inspections. They respond to repair requests from tenants. They hire qualified vendors and ensure that the vendors do the work well. They also manage emergency repairs and help keep your property safe and well-maintained.

Will I still have control over my property if I hire a manager?

Yes, you stay in control. You set the lease terms, approve major decisions, and get regular updates. The property manager handles the daily responsibilities but always follows your direction.

How do property managers collect rent?

They set clear payment rules, offer tenants ways to pay online or by mail, and send reminders when rent is due. If rent is late, they apply late fees and may begin the eviction process if needed. This helps ensure steady income for property owners.

How do I know if I need a property manager?

You might need a property manager if you own several properties. You may also need one if you live far away or have little time. Additionally, a property manager can help if you have difficult tenants. A manager can make rental ownership much easier by handling the tasks that take up your time and energy.

How do I choose the right property management company?

Look for a company with strong reviews, valid licenses, experience with your type of property, and transparent pricing. Ask how they handle tenant screening, maintenance, communication, and reporting. A trustworthy company should have a proven track record of helping owners succeed.