Posted by E.Eka on August 10, 2004 at 09:34:01:
a property manager just manages the property. You had mentioned in your post that you were tired of the headaches associated with landlording. The day to day stuff would be handled by the property mgr, which will allow you to use your more valuable time to do other things. The property mgr doesn’t have an equal stake in your property, however, a good management company relies on satisfied customers. It’s your mortgage, so you worry about it, that’s right. But when a plumber comes over, he only cares about the plumbing, not the carpentry, or the roof or the structure of the house, yet he/she still can provide a valuable service to you.