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 Property Management
Should I Hire an Onsite Manager Aor a Property Manager?
By Kari Negri, Founder and CEO, SKY Properties
n on-site manager is responsible must always consider how much time you are willing for the day-to-day operations to put into a residential or commercial property. of a property. They wear Residential property management has now become many different hats including a full-time job just to stay current on the constantly screening tenants, collecting changing laws and regulations and keeping up rent, maintaining the property with how to best navigate them while still being while also adhering to all laws profitable.
related to property management. A well-trained manager is key to a successful property. That is why as an owner, it is important that you hire a qualified and responsible manager that can work according to your standards and help you achieve your goals for your property. A good starting point may be taking one of the many property management courses offered at
You might be asking yourself now, “How can I make sure that I am hiring the perfect property manager or the perfect onsite manager?”
The first thing that you need to understand is that different types of properties will have different needs and requirements. It is important to know that if you are NOT following all the latest trends, laws, and liabilities in property management then you need to hire a good Property Management Company. You
Just the laws regarding employment of an onsite manager alone can be daunting. An onsite manager can be a liability which is why many investors often will hire a management company instead. If you hire onsite manager on your own, documentation such as a strong well written Manager Contract that you can pick up as a member of the Apartment Association of Greater Los Angeles is critical not to mention mandatory, but also know that the contract is worthless if you do not collect the essential timesheets you need to go with it.
Remember there is a big difference between hiring a property manager (or property management company) and an onsite manager. A property manager manages many properties and has other clients and is not your employee. A property
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