Notes

Why Use a Property Manager?
I have talked with a lot of investors who have sold their properties and moved their money into other asset classes including stocks or bonds simply because they think rental properties are way too big of the headache. The scenario is obviously a similar. They made the choice to invest their, they heard rental properties were good money makers, they obtain a few properties, and continue to manage them independently.
Pretty soon these are burned from managing tenants. After a number of bad experiences and plenty of calls from renters, they decide that rental property is excessively big of an headache plus they sell out. I have heard this at the very least a number of times each time I hear this I always ask "Why didn't you let a house management company handle your properties?".
Most of the time I get a reply of "well it costs way too much". In truth, most property management companies charge between 8-10% of gross rent collected for residential properties and 3-5% for commercial. This is often a fee to pay for what you'll get.
There can be a difference between a home manager and a property management company. When you hire a house manager you are hiring an employee. You will have to pay them a salary and pay payroll taxes on them. When you hire a home management company you happen to be simply outsourcing the management to your company. They are not an "employee" of yours.
In many cases I lean towards finding a company instead of dealing with a worker. If you only own a couple of properties you'll definitely only employ a company because you won't plenty of income to support a staff member's salary. At some point, when you get large enough, it may be in your greatest interest to employ a person whether full-time or part-time.
Here's some great benefits of hiring a house management company when you first start purchasing rentals.

great post to read knows the law for landlords and will make sure you happen to be doing everything legal
A professional property management company are fully aware of how to most effectively market your properties to realize the lowest vacancy rate
They will also know how to maximum benefit rent of the property since they have in mind the market
They will have a network of contractors for the greatest rates for repairs and maintenance on your own properties
You can learn from their insightful knowledge and experience from managing rentals
You should manage the properties yourself. Many people do. If that's that which you like along with enough time, there's certainly nothing wrong with this. But don't forget you can study so much from working with a professional company.
You will want to get references before picking which company to select. Also, make certain they have their property license. You also need a company who focuses on your sort of property. For example, you may not pick exactly the same company for a commercial property when you would just one family home.
The final point here is if you want to be an angel investor or do you need to be described as a landlord. Personally, I don't want to be considered a landlord so I use property managers.
Happy investing!
Here's my website: http://www.masonre.com.au/