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6 signs YOU need a residential property manager!

Real Estate Agent with RE/MAX DFW Associates 0534986

6 signs YOU need a residential property manager!

You have multiple properties

Managing one property is time consuming, so owning two or more is even more time consuming. Say goodbye to a personal life outside of your regular job too!  You will spend all of your off time on managing your properties.   

You don't live near your rental property

You own rental properties in Texas but you live in California!  The tenant knows this and will most likely take advantage of your absences with unkempt property, late pays etc...

You live near your rental property

Living near your property can be almost as bad as far away! The tenant knows where you live and has your number. Get ready for unexpected visits, texts and phone calls. 

You don't want to personally interact with residents 

Most tenant are great people and pay the rent with an occasional repair request so you don't see or hear from them. But there is always the "needy tenant" who calls and texts all hours of the day.  Or the "I did the repair tenant" and deducted from my rent....What will you do now? 

You can't get the tenant to pay ontime

Nothing is more frustrating than late rent payments! We are on top of it for you sending letters, calling the tenant and enforcing our " You don't pay, you don't stay".

You don't know tenant/landlord laws or have systems in place to protect yourself

This is a BIG ONE! We have systems in place since 2006. We keep up on the tenant/landlord laws with continuing education, attorney classes and monthly property management newsletters. 

Don't lose your investment and much more if a tenant sues! 




Posted by

Tracy Lee Parker

Broker Associate with

Servicing all of North & East Texas Areas for home selling, home buying, leasing & property management since 2005!  

(972) 365-7198
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Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

very nice and interested article,thanks

Tracy Lee Parker

have a great weekend

Feb 20, 2015 05:47 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Tracy Lee - These are 6 great reasons for anyone who owns residential rentals to have a property manager.

Feb 20, 2015 06:36 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Tracy Lee Parker, once again, great blog for people that need a property manager.

Feb 20, 2015 08:35 AM
John Pusa
Glendale, CA

Tracy - Very helpful great list of six tips about a need for residential property manager.

Feb 20, 2015 10:34 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It's always good to have an impartial third party there to settle anything on equal terms and leave everything else out.

Feb 20, 2015 02:17 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Again, something like this deserves an element of trust and I think you get at this perfectly.

Feb 20, 2015 02:19 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Are there any other opinions? I'd like to hear more from you guys. Have a good weekend, guys!

Feb 20, 2015 02:21 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Tracy Lee Parker - and just one word of caution - the agent should not take the responsibility of the property manager without any agreement - or it backfires.

Feb 20, 2015 02:56 PM
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

Those are 6 great reasons to hire a property manager, especially if you live far away

Feb 20, 2015 08:59 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Property management should be part of the Real Estate process at all times

Feb 20, 2015 10:47 PM
Tracy Lee Parker
RE/MAX DFW Associates - Royse City, TX

Raoul-thanks for reading my post. Have a great weekend too! 

Troy- thanks for stopping by! 

Will-thanks for the comment. Property Management is a great niche! 

John-thanks for taking the time to read it

Laura-yes, trust is a big part of Property Management, it is a big investment for owners and we don't take that lightly

Praful-Yes! I have talked to agents who did Property Management as a favor-talk about setting yourself  up for a lawsuit!

Russ-a majority of our owners do live in another state, thanks for reading! 

Richie-Property Management is not for everyone but yes should be part of the RE process

Feb 21, 2015 02:00 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It is amazing how many unprepared rental owners try to save a buck by NOT hiring a property manager. Most end up completely over matched and frustrated with their Landlording Experience and are ready to dump their properties !

Jun 06, 2015 06:22 AM
Kamryn Jackson

This is a very sophisticated article. Well-written and I think, some points are there which have their power. But one thing is that, all the trivial situation is not that much important and they can be managed. So if you are a busy person and you want to make money by saving the precious time, then you must go through the history of the concerned company you want to hire and see how much capable they are of handling the properties. So being a responsible house owner along with best family member in your home, you must look for a trusted property management time at that instant of time. I live in Greensboro, NC and I always hire the most trusted and the best Real Estate Management company in Greensboro, NC and they gave the real happiness of renting properties with a very reasonable price.

Dec 21, 2015 03:11 PM