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Rainmaker
5,571,411
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

for multi family homes that are not owner occupied, from day one....

Apr 02, 2017 10:33 AM
Rainer
117,085
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

Prior to being a licensed agent, I managed my own properties.  Truthfully, I thought I was doing a good job, until I learned what all I needed to know.  In my opinion, with all the legal issues, I think it is absolutely best to hire a great property manager- someone who keeps up on the laws, follows fair housing standards.  Property managers who also own rental properties have a great outlook, since they understand what investors are looking for - cash flow, relaible tenants, proper maintenance of the property. etc.

SO from my point of view, from day one is the best time to resommend a property manager.  Best of luck!

Apr 02, 2017 12:04 PM
Rainmaker
6,554,540
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

When they own rental properties that they do not wish to manage themselves.

Apr 02, 2017 11:26 AM
Ambassador
5,366,499
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I would base it more on the abilities and time constraints of the owners.

Apr 02, 2017 11:10 AM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I am a real estate agent and hire property managers on my investment properties. I don't make this decision for clients but in my opinion having a good property manager is worth every penny.-Kasey

Apr 02, 2017 12:51 PM
Rainmaker
2,635,227
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If one doesn't feel comfortable...hire-up

Apr 02, 2017 12:24 PM
Rainmaker
4,064,853
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Is there a reason you asked this question twice?

Apr 02, 2017 02:16 PM
Ambassador
3,260,471
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

If the owner doesn't know what they're doing or they don't live in town they should consider a property manager.

Apr 02, 2017 01:55 PM
Rainmaker
1,157,485
FN LN
Toronto, ON

The recommendation will depend upon the goals and objectives of the property owner(s) as well as other criteria.

Apr 02, 2017 12:10 PM
Ambassador
4,560,528
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Depends on the owners and their interest in taking care of the property, or availability to do so

Apr 02, 2017 12:08 PM
Rainmaker
1,716,656
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

When the owner(s) don't have the skills or temperament to run the investment property portfolio as a business.  The type of property or number of owners is of no relevance in making this decision.

Apr 02, 2017 11:21 AM
Rainmaker
1,514,855
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends on your schedule. Property management can be a very time consuming occupation. I know people who do it themselves, but majority just hire professionals to deal with vacancies, payments, maintenance, and all other fun stuff. 

Apr 03, 2017 12:06 AM
Ambassador
3,730,248
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

It depends on the client's desire...

Apr 02, 2017 07:05 PM
Rainmaker
1,381,523
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

When the owner is tired of doing the work.

Apr 02, 2017 05:40 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

no set rule

Apr 02, 2017 05:34 PM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I recommend it to any proepty owner that intends to lease out their property. It is not as easy as it looks.

Apr 02, 2017 05:29 PM
Rainmaker
5,535,254
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

We agree with Barbara Todaro 

Apr 02, 2017 03:22 PM
Rainmaker
1,636,242
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

When the help uses poor grammar?

Apr 02, 2017 02:30 PM
Ambassador
2,564,851
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Any and every rental property.

Apr 02, 2017 01:15 PM
Rainmaker
394,524
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

I'd recommend that a client hire a property manager at the moment the client says they don't want to manage the property on their own. 

Apr 02, 2017 01:13 PM
Rainmaker
4,167,001
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

When they can no longer handle it or lose interest in servicing the tenants!

Apr 02, 2017 12:59 PM
Ambassador
4,205,328
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

When the property becomes a rental property - Day-1!

Apr 02, 2017 12:52 PM
Rainmaker
4,433,683
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Any time is good.

Apr 02, 2017 10:59 AM
Rainmaker
1,044,339
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I am very late to this question and all the best responses have been taken :-(

Mar 23, 2018 09:13 PM
Rainmaker
916,373
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I never recommend a property hire a PM but I do recommend owners who have not managed properties to do so

Apr 03, 2017 07:08 AM
Rainmaker
3,322,846
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

If the owner does not have the experience and or time to manage it correctly, then they need a professiona manager from 1 to 10000  units

Apr 03, 2017 06:47 AM
Rainmaker
1,457,327
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Corey Christiansen When you take the listing.

Apr 03, 2017 06:40 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Christine Kankowski Temecula & San Diego nailed this one!

Apr 03, 2017 06:03 AM
Ambassador
1,616,354
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

do it now

Apr 03, 2017 05:47 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Whenever they want to have it managed for them.

Apr 03, 2017 05:24 AM
Rainmaker
598,659
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Generally, when they are unable to manage it themselves because they lack the knowledge/skills, they are too far away, or they are too busy.

Apr 03, 2017 04:43 AM
Rainmaker
4,066,231
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends on the owner.  On their experience.  On their goals.  Ask questions and then listen carefully.   

Apr 03, 2017 03:42 AM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Corey Christiansen - I guess this is duplicated...

Apr 02, 2017 10:33 PM
Rainmaker
878,306
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Corey - I think it would depend on the property owner. Do they want to be a property manager, and do they have the time and ability to do so? If not, then hire out and rest assured that someone else is taking care of your rental property for you.

Apr 02, 2017 09:22 PM
Rainmaker
4,176,491
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I'm with Barbara Todaro on her answer.

Apr 02, 2017 07:48 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

within 45 days of closing

 

Apr 02, 2017 01:04 PM
Rainmaker
2,020,450
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Immediately !

Apr 02, 2017 12:53 PM