http://www.REIClub.com - Are Property Managers Better Landlords Than You? Here's a Video on the Pros and Cons of Using Property Management...<br /><br />Accredited Certifications:<br />Institute of Real Estate Management (IREM)<br /><br /> - Certified Property Manager (CPM)<br /> - Accredited Residential Manager (ARM)<br /> - Accredited Commercial Manager (ACM)<br /> - Accredited Management Organization (AMO)<br /><br />What do Property Managers do?<br /><br /> - Collecting and Depositing Monthly Rent<br /> - Control Rental Rate<br /> - Marketing and Advertising<br /> - Inspections<br /> - Tenant Screenings<br /><br />Pros:<br /> - Time Management <br /> - Remote Locations<br /> - Access to Professionals<br /> - Housing Regulations and Property Law<br /><br />Cons:<br /> - Overall lack in control<br /> - Profit margins<br /> - Dedication<br /> - Money <br /> - frequently keep late fees<br /> - may make margins on repairs<br /> - no control over quality of repairs<br /> - reduce or eliminate repair costs<br /> - no access to own property
