PRS Property Management has a wide range of experience servicing the Phoenix area including Tempe, Chandler, Ahwatukee, Mesa, Gilbert & Queen Creek. Today we are going over the benefits of choosing a professional property management company over self managing your investment property. Property owners are often unsure about whether they should manage their own property or hire a professional. It’s understandable to think you’re saving money by managing the place yourself and avoiding the management fees. Investors might think the cost of a property manager is too high. However, your property management company will do a lot more than just collect the rent. Let’s review the several benefits of using a professional property manager: Tax Advantage That property management fee you don’t want to pay is fully tax deductible. Just like any other expense involved in your rental property, you can deduct the fee when you do your taxes. This benefit immediately reduces the cost of professional property management. Maintenance Costs There are reduced maintenance costs when you use a professional. This is because a management company handles a large volume of maintenance across all the properties they manage. Therefore, they contract with reliable vendors at reduced rates. Your annual maintenance savings can often equal several months of management fees. Expertise Property management companies have experience and expertise in a variety of areas including fair housing, landlord and tenant laws, and best practices in rental collection and eviction core procedures. Screening A property management company has access to credit histories and criminal background checks to qualify and accept only the best applicants when filling vacancies for your property. Many times, owners find that simply having someone else worry about the many details of property management is worth the fees. You will get your time back and the amount of stress in your life will be greatly reduced. If you would like to talk further about the benefits of hiring a professional property management company to care for your rental home, please contact us at PRS Property Management, and we’d be happy to talk to you.