{"id":25810,"date":"2018-06-04T02:13:15","date_gmt":"2018-06-04T02:13:15","guid":{"rendered":"http:\/\/themediabeast.com\/resources\/?p=25810"},"modified":"2018-06-21T19:13:51","modified_gmt":"2018-06-21T19:13:51","slug":"pros-cons-using-property-management","status":"publish","type":"post","link":"https:\/\/themediabeast.com\/resources\/pros-cons-using-property-management\/","title":{"rendered":"The Pros and Cons of Using Property Management"},"content":{"rendered":"<p><strong>The Pros and Cons of Using Property Management<\/strong><\/p>\n<p>If you own property with rental homes, there may come a time when you have to decide if you want to be a landlord or hire a property management company. Earning income through rental homes can be a wonderful way to build a business, but managing multiple homes, and sometimes even one, can be difficult and time-consuming. Especially if you do not live on site or near the rental homes, property management can be a headache. Before you hire a property management company to take the burden of being a landlord off your hands, consider these pros and cons.<\/p>\n<p><strong>Property Management Pros<\/strong><\/p>\n<p>Using a property management company means that you will pay a fee to have a third party manage your rental home. Here are the pros of using property management:<\/p>\n<ul>\n<li>Professionals in marketing<\/li>\n<li>Expert leasing agents<\/li>\n<li>Legal knowledge<\/li>\n<li>Maintenance staff employed<\/li>\n<li>Collection of rent and fees<\/li>\n<li>Fields all phone calls from leads and tenants<\/li>\n<li>Knows the best vendors in the area<\/li>\n<li>Often has discounts with vendors in the area<\/li>\n<li>Available for tenant emergencies<\/li>\n<li>Adheres to a property budget<\/li>\n<li>Finds best tenants for your property<\/li>\n<li>Handles all tenant requests and communications<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Cons of Using Property Management<\/strong><\/p>\n<p>While the benefits of using a property management company are numerous, there are a few disadvantages to hiring a third party for your rental property.<\/p>\n<ul>\n<li>Reduction of profit margin<\/li>\n<li>Loss of hands-on control<\/li>\n<\/ul>\n<p>Property management companies cost money. They will often require a deposit up front that can be used for marketing and payment purposes. After a home is rented, the property management company will usually retain a certain percentage (usually around 10%) of the monthly rent in their fees. The property owner is responsible for providing payment for all invoices to vendors or maintenance issues in most cases.<\/p>\n<p>Scott Properties is the perfect solution for property management needs in Charleston. Contact us today to see how we can help you!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pros and Cons of Using Property Management If you own property with rental homes, there may come a time [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[2356,2357,2667],"tags":[],"class_list":["post-25810","post","type-post","status-publish","format-standard","hentry","category-propert-manager","category-property-management","category-rental-homes-in-charleston"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Pros and Cons of Using Property Management - MMG Resources<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/themediabeast.com\/resources\/pros-cons-using-property-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Pros and Cons of Using Property Management\" \/>\n<meta property=\"og:description\" content=\"The Pros and Cons of Using Property Management If you own property with rental homes, there may come a time [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/themediabeast.com\/resources\/pros-cons-using-property-management\/\" \/>\n<meta property=\"og:site_name\" content=\"MMG Resources\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-04T02:13:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-21T19:13:51+00:00\" \/>\n<meta name=\"author\" content=\"MediaBeast\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MediaBeast\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/pros-cons-using-property-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/pros-cons-using-property-management\\\/\"},\"author\":{\"name\":\"MediaBeast\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\"},\"headline\":\"The Pros and Cons of Using Property Management\",\"datePublished\":\"2018-06-04T02:13:15+00:00\",\"dateModified\":\"2018-06-21T19:13:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/pros-cons-using-property-management\\\/\"},\"wordCount\":332,\"articleSection\":[\"Propert Manager\",\"Property Management\",\"Rental Homes in Charleston\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/pros-cons-using-property-management\\\/\",\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/pros-cons-using-property-management\\\/\",\"name\":\"The Pros and Cons of Using Property Management - 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