If you are considering purchasing a property for investment, you might consider using a property management company to help reduce your stress and hassle handling the property.  If you perform your own property management, you must be prepared to

• Rent the property to quality resident(s),

• Be available to show the property to potential renters

• Deal with renters who do not pay on-time

• Handle complaints about the property,

• Conduct repairs, including those emergency calls,

• Perform administration and keep records, and

• Find reliable vendors

Using a Property Management Company, you will still enjoy the benefits of owning income property:

• The tax incentives,
• Owning an asset that appreciates in value,>
• The income from the property.

 When considering Property Management Companies, you will want to check the following:

• Consider using a company that is member of NARPM (National Association of Residential Property Managers) 
• Find-out how they advertise vacancies and screen applicants
• Find-out how they communicate issues such as upcoming vacancies
• Determine how they handle move-outs and repair damage.
• Find-out when you will receive proceeds and reports
• Find-out how they deal with late night repair calls
• Determine what they charge for management fees

The following are local Property Management Companies that you might want to consider: