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RENTING OUT YOUR HOME?

Here's why hiring a Property Manager is smart

Your home is one of your most valuable assets — and it deserves expert care. A professional property manager protects your investment by handling tenant screening, rent collection, maintenance, and legal compliance. With the right help, you can maximize income, avoid costly mistakes, and enjoy true peace of mind.

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Frequently Asked Questions

Questions About Property Management?

Thinking about renting out your home? Here’s what you should know about working with a professional property manager.

A property manager handles everything related to your rental property, including marketing the home, screening tenants, preparing leases, collecting rent, coordinating maintenance and repairs, enforcing lease terms, and managing tenant relations. Their goal is to protect your property, minimize vacancies, and maximize your rental income.

Most property management companies charge a monthly management fee between 8% and 12% of the rent collected. Some also charge additional fees for leasing, renewals, maintenance coordination, or handling evictions. It’s important to review a company’s fee structure carefully before signing an agreement.

Professional property managers use a combination of online listings, professional photography, yard signage, agent networks, and tenant screening tools. They handle the entire leasing process — from showings to background checks to lease signing — so you don’t have to.

Good property managers conduct comprehensive background checks, including credit history, criminal background, employment verification, income verification, and rental history. Their goal is to place responsible, qualified tenants who will take care of your property and pay rent on time.

Absolutely. While property managers handle the day-to-day tasks, most management agreements allow you to stay involved in major decisions, such as approving tenants, setting rental prices, and authorizing large repairs. You stay in control while they handle the heavy lifting.

Property managers will follow a clear legal process, including issuing notices and filing for eviction if necessary. Experienced managers know how to handle non-payment situations quickly and professionally to protect your investment and minimize losses.

Property managers coordinate all maintenance and repair work on your behalf. They typically work with trusted vendors and contractors to ensure quality and fair pricing. Most also offer 24/7 emergency maintenance support to protect your property and keep tenants satisfied.

Yes. Property managers perform a market analysis to recommend a competitive rental price based on your property's condition, location, and current market trends. Setting the right price helps attract qualified tenants quickly while maximizing your income.

Definitely. Property managers stay up to date with local, state, and federal rental laws. They ensure your property meets housing regulations, fair housing laws, security deposit rules, eviction procedures, and more — helping you avoid costly legal mistakes.

Most property managers specialize in single-family homes, condos, townhomes, and small multi-family buildings (such as duplexes or fourplexes). Some also manage larger apartment complexes. At Property Manager Source, we match you with managers who specialize in properties like yours.

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All our property management partners are vetted and reviewed by the Property Manager Source team to ensure they hold up to our standards.

Properly Insured

We verify that our property management partners have General Liability Insurance in place with a minimum of $1M in coverage.

In-Depth Review

All of our property management partners are vetted to ensure they are properly certified and licensed.

Positive Review Record

We insure that our property management partners have above average review ratings.
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Phone: +1 (215) 555-1122

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