Many folks choose single- and multi-family rentals as a place for their real estate investment dollar, but of course with those types of active investments, management is required.
There’s a lot that goes on behind the scenes that you aren’t aware of. Maybe there was a discussion with the tenants and landscapers about changing the bi-weekly lawn cutting. This could add another 30 minutes of work that the property manager is handling for you.
Investing time in finding and interviewing multiple property managers before hiring one is a must. You can leverage their industry knowledge and professional connections when you have a rockstar property manager.
There’s a near 0% chance of getting a call outside of regular waking hours when you have a property manager. They, or someone on their team, will take the call and handle it.
I can’t speak for everyone, but I’d much rather be scouring the MLS for investment opportunities than changing out lightbulbs and smoke detectors.