Why Should You Hire a Professional Property Manager

Why Property Management is More Than Just Being a Good Landlord

The Benefits of Hiring a Professional Property Manager

Property management is much more than just collecting rent or handling maintenance requests. It’s a multifaceted business that requires a deep understanding of market dynamics, tenant relationships, legal regulations, and asset management for may types of properties. 

If you’re a DIY landlord juggling your personal life and professional responsibilities while also trying to manage day to day operations of your rental property, it’s time to consider getting some help.

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

Managing rental properties independently is a balancing act that can stretch even the most seasoned landlords. From managing finances to handling tenant emergencies, the complexities are often underestimated. 

Property management isn’t just about efficiently managing the property—it’s about fostering relationships with tenants, ensuring compliance with laws, reducing potential risks and compliance, protecting your investment, and creating positive, stress-free experiences for everyone involved. 

Investment managers or property management companies charge a fee, usually a percentage of the monthly rent or a flat fee. 

1. Expertise Above All

When it comes to managing your rental property, expertise matters. Imagine needing heart surgery—would you trust a random person on the street to do it? Of course not! You’d want a skilled professional with proven experience. The same logic applies to property management.

A professional property manager brings industry knowledge and expertise that a DIY landlord simply cannot match. Real estate investors, particularly those new to the game, can make costly mistakes—whether in accounting, legal compliance, or tenant management—that could harm their business. 

A skilled property manager helps avoid these pitfalls and ensures that all facets of the business are handled 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.

Without this level of diligence, landlords could leave money on the table—whether through missed rent payments, costly 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 is time-consuming, especially when you factor in the daily demands of your personal and professional life.

 Handling repairs, tenant issues, accounting, and maintenance requests can consume precious hours, making it difficult to focus on other important matters. Is time or a maintenance fee more important to you? 

A professional property manager takes these tasks off your hands, allowing you to focus on growing your business or spending time with your family. This saves you time and provides peace of mind, knowing your property is being managed professionally and efficiently.

4. Access to a Network of Trusted and Vetted Vendors

When you manage a property independently, you're responsible for finding reliable contractors for repairs and maintenance, handling emergency repairs, and keeping the property in top condition. 

A property manager comes with an established network of trusted and vetted vendors who can address maintenance needs quickly and affordably.

Because of the long-standing relationships property managers have with these vendors, you’re 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 involves navigating complex local, state, and federal laws that govern everything from tenant rights to fair housing regulations. Even a minor misstep can result in lawsuits, fines, or penalties that can be financially crippling.

A professional property manager stays current with all applicable laws and regulations, ensuring your property remains compliant at all times. 

Whether drafting lease agreements, managing security deposits, or handling evictions in a legal and ethical manner, property managers reduce your legal risks and protect your investment from unnecessary 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 leave, you must spend time and money on advertising, showing the property, screening new tenants, and handling 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 helps keep tenants happy by addressing their concerns promptly and maintaining the property in good condition, and you pay them a lease renewal fee. Property managers charge anywhere from 8%-12% monthly. 

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’re serious about growing your real estate investment portfolio, having the right team by your side is essential. A successful real estate investor needs more than just a property—they need a trusted team that includes a real estate lawyer, a knowledgeable accountant, and a reliable property manager. 

Together, these professionals will help you avoid costly mistakes, improve your bottom line, and take the stress out of property management.

Investing in a property management service is an investment in your future. By freeing up your time, reducing risks, and ensuring that your rental is managed efficiently, you’re setting yourself up for long-term success. 

Whether you’re managing a single property or a large portfolio, having a professional property manager by your side will help you achieve your investment goals and 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 and see how we can maximize your returns while reducing your stress

Watch Now: Why Hire A Professional Property Manager

Frequently Asked Questions (FAQs) - Property Management Companies 

What does a property manager do?

A property manager oversees rental properties, handling tenant relations, rent collection, maintenance, and legal compliance. They market vacancies, screen tenants, coordinate repairs, and ensure lease agreements are followed. Their role maximizes property value while minimizing owner involvement in daily operations.

How much does property management cost?

Property management fees typically range from 8% to 12% of monthly rent. Additional costs may include leasing fees (50%-100% of one month’s rent), maintenance markups, and eviction fees. Some companies charge a flat monthly rate instead of a percentage-based fee.

How do property managers screen tenants?

Property managers screen tenants by verifying income, checking credit history, reviewing rental history, and conducting background checks. They may contact previous landlords, confirm employment, and assess eviction records to ensure reliable tenants who can meet lease obligations.

Can a property manager help with evictions?

Yes. A property manager ensures lease compliance and handles eviction proceedings if necessary. They follow state and federal laws to serve notices, file legal paperwork, and coordinate with attorneys when needed, minimizing risks for the property owner.

What are the benefits of hiring a property management company?

Hiring a property management company saves time, ensures tenant screening, handles maintenance, collects rent, and ensures legal compliance. They reduce vacancies, improve tenant retention, and manage evictions, maximizing property value while minimizing owner involvement.

How does a property manager help with maintenance and repairs?

A property manager coordinates maintenance and repairs by hiring contractors, scheduling routine inspections, and responding to tenant requests. They ensure work quality, negotiate costs, and handle emergency repairs to keep the property in good condition and compliant with regulations.

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

Yes, hiring a property manager allows you to retain ownership and control while delegating daily operations. You set lease terms, approve major decisions, and receive reports, while the manager handles tenant relations, maintenance, and rent collection per your guidelines.

How does a property manager handle rent collection?

A property manager collects rent by setting payment policies, offering online and offline options, enforcing due dates, and issuing late notices. They handle delinquent payments, apply late fees, and initiate eviction proceedings if necessary to ensure consistent cash flow.

How do I know if I need a property manager?

You may need a property manager if you own multiple rentals, live far away, lack time for daily management, or struggle with tenant issues. They handle rent collection, maintenance, and legal compliance, making ownership more passive and efficient.

How do I choose the right property management company?

Choose a property management company by checking reviews, verifying licenses, comparing fees, and assessing experience with similar properties. Ask about tenant screening, maintenance processes, and reporting transparency. A reliable company should have strong communication and a proven track record of maximizing rental income.