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As the owner of a small-scale rental property, you may be on the fence about whether or not to use a property management company. Especially if you've never managed an income property, it can be tempting to assume that property management duties amount to "find tenants, sign lease, receive rent check," along with handling some minor maintenance issues from time to time.
In reality, managing tenant relations, staying on the right side of the law, being on call for any emergencies that come up, staying on top of home maintenance, conducting periodic property inspections, and handling the accounting and taxes can be a time-consuming effort.
Professional property managers have developed systems that allow them to manage all of the above with maximum efficiency. Their expertise allows them to prevent problems before they arise, as well as handle any issues that do come up with minimum disruption to your revenue stream.